Yesterday, EUR bears were eyeing 1.30 as one of their downside objectives, a day later and trying to remain true to their convictions, that target has now become 1.31, courtesy of a stronger US retail sales print that speared risk-aversion strategies. So far this morning, the early European session has prodded and teased the ‘many’ that have been adding to their short positions in this “risk-off” environment over the last twenty-four hours. EUR breaking that psychological 1.30 briefly yesterday morning had many CFTC speculators adding to their positions. These “specs” are undoubtedly still long those dollars despite ... (full story)