COT positioning in Euro FX is at the 0th percentile of its two-year range on the short side, with Canadian dollar shorts at the 7th percentile. Meanwhile E-mini Nasdaq 100 longs sit at the 91st percentile, and elevated sentiment readings rose to 12 from 7 the prior week. The Fed meets on 28 October, two days away. If the decision runs against that crowded euro short, the squeeze starts there.