EUR/USD: A net move lower was recorded last week and this points lower,but the market became balanced ahead of the weekend andthe 1.3622-1.37 stalemate has to end for a fresh directional cue.Under 1.3622 would turn attention to a more important ref at1.3525. A session close above the average 5day high (1.3740)would likely trigger buy-stops on newly established shorts. NetIMM EUR longs increased some during the week ending Dec17,but speculative presence jumped from 24- 29%.
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