In fact, rather than betting on a decline in theeuro, manytradershad been leaning theopposite direction leading up to therecentturmoil, holdingshort positions in thedollarand owning euros.
Be sure that you have judiciously placed stops on your positions and realize that the current decline is likely to provide some good buying opportunities in stocks that hold above important support levels.
For the second straight week, thedecline in net length is the result of speculators moving into fresh short positions betting on weaker prices, more-so than liquidation of long or bullish bets.