Speculative net euro short positions are deemed at extended levels, the lions' share of the market is a euro bear and the euro can not seem to move lower and yet none of these things has resulted in a euro short squeeze, traders said. While the euro is not going down to the degree that the market would like, the pair is also not going up, which allays fears of a larger unwind of positions. The euro was trading at $1.3361 at midday Monday, on the low side of a $1.3353 to $1.3399 range. The pair has bottomed on several occasions in the $1.3330-40 range in August and the market wants to see a clear-cut break of the 2014 ... (full story)