EUR/USD broke below the ascending trend line on Friday (as shown on the daily timeframe chart below) before staging a comeback and closing near the daily open at 1.2936, forming a doji candle. This is showing indecision around the breakout area as the EURUSD bears failed to sustain lower prices on this forex major. The weekly close is marginally lower than the 61.8% retracement level of the last swing higher 1.2825 - 1.3136. Commodity Futures Trading Commission (CFTC) COT report update. The euro net short position of 55K has not diverged too far from the 53K level seen last week. Key potential support can be found ... (full story)