Speculative traders on the Chicago Mercantile Exchange chased the recent market's EUR flow and turned positive on the single currency again, data from the Commodity Futures Trading Commission showed on Friday. Traders decreased their open short EUR position by 9% from a week earlier to reach a net of $19.3 billion as of Tuesday. That came in line with the view of the majority of market participants who now see the EUR extending its recovery to 1.27 and possibly to 1.30 before topping out. But other strategists are still skeptic as they believe that the EUR already hit a strong resistance at 1.26 and it's now ... (full story)