After recovering from a two-week low, the EUR/USD has closed the day near the 1.2930 level, above the 1.2900, but below the psychological 1.3000 level. The cross accumulated around an 0.7% loss this week.

The mood seems negative in the EUR/USD, but Ashraf Laidi, Chief Global Strategist at City Index, commented on his Twitter account about a possible "Doji candle on the daily EURUSD chart," and he reminded that "Doji candles are bullish especially when formed at the end of a declining leg."

According to the last CFTC Commitment of Trader report, the EUR/USD net shorts rose slightly to 55K contracts in the week through October 23rd from 53K the previous week -- still near 52-week bullish extremes.

On the day, the euro fell to a two-week low of 1.2881 during the Friday's European session after Spain reported a record high unemployment rate of 25%, and amid lingering concerns about