EUR Shorts Surge, Back To 17 Month Highs As Bearish Sentiment Returns

So much for the short covering squeeze in the EUR. After eeking out some modest purchases in the EUR in the weeks leading up to November 8, with the interim peak in net sentiment hitting a transitory high of -54,257, the three weeks since then have seen yet another major spike in bearish EUR sentiment, and as of minutes ago the CFTC's COT report indicated that net non-commercial spec shorts surged to more than -100,000 for the first time since June 2010, or specifically -104,302. Granted

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