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Friday, February 16, 2007
EUR/USD: Intraday Shorts Cover Before Last Number of Week
EUR/USD has bounced to the mid-1.13-teens after flushing out stops in the 1.3095/00 area. Intraday shorts are seeking cover ahead of the Michigan sentiment survey at 15:00 GMT. Sentiment is seen little changed at 97.0. Offers remain eyed at 1.3125, dealers report.
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