The EUR/USD currency pair moved to the 1.3100 previous resistance area earlier this week before a fresh wave of selling ensued. This sharp decline cut through the 1.3000 psychological round number level, adding bearish weight to the move, before ultimately finding an element of support around the 1.2875 area PPZ (price pivot zone). This comes as the latest Commitments of Traders (COT) report shows a EUR net short position at 33K versus the 67K reading seen last week – which does not reflect the aforementioned price action over the back end of the week. The key near term technical levels we will be monitoring in the ... (full story)