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Tuesday, February 27, 2007
EUR/USD: Edging Towards 1.3200, Talk Of Stops Above
The EUR/USD is well bid in early Asia and is approaching the difficult 1.3200 level where an option barrier is rumoured to be, but there is some talk that the barrier expired at 3 PM NY cut yesterday. Stops are eyed above 1.3200 before more selling emerges between 1.3220/30. The EUR/USD trades 1.3191/96.
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