EUR/USD: 20-day volatility 0.257% daily (5th pct)

On 2026-07-21, EUR/USD closed at 1.14181, down 0.08% on the day. It trades at 13.3% of its 52-week range. Its RSI(14) of 44.50 is in the 33rd percentile of its history since 2003, and its 20-day return of -0.08% in the 49th percentile. Leveraged-money positioning is net -6.7% of open interest, in the 8th percentile of its own two-year range. Its 20/50/200-day moving averages are 1.14115 / 1.15229 / 1.16388, with price +0.06% / -0.91% / -1.90% against them. Its 52-week range is 1.13254–1.20236; it closed 5.04% below the high and 0.82% above the low. Its 20-day volatility is 0.257% daily, in the 5th percentile of its history since 2003. Its 14-day average true range (ATR) is 0.00568 (56.8 pips), 0.50% of price. It has returned +0.30% over 5 days and -2.61% over 60 days.

=== EUR/USD  (pip 0.0001) ===
  >> close 1.14181  -0.084%   · 20d vol 0.257% daily (5th pct, since 2003 (5840 obs))
  price & change   (as of 2026-07-21, prior 2026-07-20)
    close       1.14181
    change      -0.00096  (-0.084%, -9.6 pips)
    gap         -0.00117  (-11.7 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-07-21)
    range       0.00253  (25.3 pips)
    close pos   58.5% of range
  moving averages  (as of 2026-07-21)
     20d MA     1.14115   price above by +0.06%
     50d MA     1.15229   price below by -0.91%
    200d MA     1.16388   price below by -1.90%
    price mixed vs MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-07-21)
    20d stdev   0.257% daily ≈ 4.1% annualized (×√252)   (5th pct of own history, since 2003 (5840 obs))
    vs easing-2024 avg  0.60× (0.257% vs 0.431% era avg)
  ATR              (as of 2026-07-21)
    ATR(14)    0.00568  (56.8 pips)
    ATR%        0.50%   (6th pct of own history, since 2003 (5846 obs))
    range/ATR   44.6%
  52-week range    (as of 2026-07-21)
    high        1.20236   (-5.04% from high)
    low         1.13254   (+0.82% from low)
  momentum         (as of 2026-07-21)
    RSI(14)     44.50   (33rd pct of own history, since 2003 (5846 obs))
  returns          (as of 2026-07-21)
     5d return  +0.30%
    20d return  -0.08%
    60d return  -2.61%
  volatility by rate-era
    pre-crisis       1.0543%   (from 2003-12-01)
    ZIRP-2009        0.6640%
    tightening-2015  0.4886%
    ZIRP-2019        0.3870%
    tightening-2022  0.5496%
    easing-2024      0.4308%
  positioning      (as of 2026-07-14)
    next COT     as of 2026-07-21 (released ~that Fri, later if a holiday intervenes)
    net         -53,691 contracts (net short EUR)
    net % OI    -6.7%
    net%OI range -7.8% … +6.5% (own 133w)
    w/w change  -8,230
  rate differential (EUR–USD policy)
    EUR (ECB_DFR)         2.25%  (set 2026-06-17, deposit-facility floor)
    next ECB              2026-07-23  (2 days)
    USD (EFFR)            3.63%  (as of 2026-07-21, daily effective)
    next Fed              2026-07-29  (8 days)
    differential    -1.38%  (base−quote)
  10Y yield spread (US–EU)
    US (DGS10)      4.63%  (as of 2026-07-21)
    EU (euro-area AAA 10Y) 3.21%  (as of 2026-07-21)
    spread          +1.42%
  2Y yield spread (US–EU)
    US (DGS2)       4.26%  (as of 2026-07-21)
    EU (euro-area AAA 2Y) 2.74%  (as of 2026-07-21)
    spread          +1.52%
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-07-21)
    vs DXY      -0.78
    vs S&P 500  +0.41
    vs DXY beta -0.81 (26w)