Net shorts in EUR/USD among leveraged funds (CTAs) rose to 51,000 contracts in the week ended last Tuesday from 36,000 contracts short the prior week.

Expect those figures to look very different when published next week. We bounced 5 cents from the close of business on Tuesday (1.2950, up from 1.2860 intraday lows Tuesday morning) to the highs for the week at 1.3455.