• Traders added 5 billion euros to net short in week to Oct 9

• Net speculative position short rose from $9 bln to $14bln

• EUR/USD traded 1.1161-1.1276 EBS week to Oct 9

• On Monday Oct 12 EUR/USD range is 1.1185-1.1217 EBS

• The larger short heightns the chance of a reversal

• Drop currently stretched at base 20-week Bollinger bands

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EURUSD and betting

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