• EUR/USD drops to a nine week low at 1.1440 on Sep 22

• Pair traded 1.1556-1.1461 on Sep 16 when Fed hiked

• EUR/USD freer to fall after shorts slashed between Jul-Sep

• At $3.8 bln net euro short is little restraint on it dropping

• Test of 2026 low at 1.1325 likely to follow and drop below 1.1430

• Slump in volatility challenges the current drop

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EURUSD

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)