EUR/USD - 1.3704.. Euro did not rise y'day on Greece's austerity plan but as we had indicated repeatedly, an action of continued short-covering (profit-taking) n stop-buying (loss-taking) as certain parties bot euro in NY morning n triggered heavy stops placed abv 1.3690-1.3700. Market is still short as Friday's report by CFTC showed euro short positions were at its highest since Sept 08'. Short-covering continues to be the theme this week, buy euro on dips for more gains twd chart obj. at 1.3789 later. Bids are tipped at 1.3690-1.3670 n offers are seen abv 1.3740 n more abv 1.3790.
