Traders establish biggest EUR/USD short position for over two years

Net short equivalent $3.85 billion - last bigger start Sep 2022 at $4.5bln

Bearish bets represent a restraint on a further decline

Sep-Oct drop was stretched on Oct 17 at base 20-day Bollinger Bands

Base bands now 1.0728 - progress under less likely now traders short

FX volatility may sink after U.S. election nL8N3LS10U