Traders report that Asian central banks were very aggressive buyer of EUR/USD below the 1.3600 level. That seems to have caught the market short and we are now dealing with the nasty aftermath. The bounce has given traders still saddled with longs a chance to get out of those longs at less-horrendous levels. Expect the 1.3765 level to be a spot where some of those longs are let-go. More sellers are expected above 1.3800, traders say.