EUR/USD: 20-day volatility 0.240% daily (4th pct)

On 2026-07-22, EUR/USD closed at 1.14038, down 0.12% on the day. It trades at 11.2% of its 52-week range. Its RSI(14) of 42.65 is in the 27th percentile of its history since 2003, and its 20-day return of +0.21% in the 54th percentile. Leveraged-money positioning is net -6.7% of open interest, in the 8th percentile of its own two-year range. It is trading below its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 1.14127 / 1.15162 / 1.16378, with price -0.08% / -0.98% / -2.01% against them. Its 52-week range is 1.13254–1.20236; it closed 5.15% below the high and 0.69% above the low. Its 20-day volatility is 0.240% daily, in the 4th percentile of its history since 2003. Its 14-day average true range (ATR) is 0.00542 (54.2 pips), 0.48% of price. It has returned -0.18% over 5 days and -2.68% over 60 days.

=== EUR/USD  (pip 0.0001) ===
  >> close 1.14038  -0.125%   · 20d vol 0.240% daily (4th pct, since 2003 (5841 obs))
  price & change   (as of 2026-07-22, prior 2026-07-21)
    close       1.14038
    change      -0.00143  (-0.125%, -14.3 pips)
    gap         -0.00164  (-16.4 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-07-22)
    range       0.00215  (21.5 pips)
    close pos   19.5% of range
  moving averages  (as of 2026-07-22)
     20d MA     1.14127   price below by -0.08%
     50d MA     1.15162   price below by -0.98%
    200d MA     1.16378   price below by -2.01%
    price < all MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-07-22)
    20d stdev   0.240% daily ≈ 3.8% annualized (×√252)   (4th pct of own history, since 2003 (5841 obs))
    vs easing-2024 avg  0.56× (0.240% vs 0.430% era avg)
  ATR              (as of 2026-07-22)
    ATR(14)    0.00542  (54.2 pips)
    ATR%        0.48%   (4th pct of own history, since 2003 (5847 obs))
    range/ATR   39.6%
  52-week range    (as of 2026-07-22)
    high        1.20236   (-5.15% from high)
    low         1.13254   (+0.69% from low)
  momentum         (as of 2026-07-22)
    RSI(14)     42.65   (27th pct of own history, since 2003 (5847 obs))
  returns          (as of 2026-07-22)
     5d return  -0.18%
    20d return  +0.21%
    60d return  -2.68%
  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      0.4305%
  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  (1 day)
    USD (EFFR)            3.63%  (as of 2026-07-21, daily effective)
    next Fed              2026-07-29  (7 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) 3.20%  (as of 2026-07-22)
    spread          +1.43%
  2Y yield spread (US–EU)
    US (DGS2)       4.26%  (as of 2026-07-21)
    EU (euro-area AAA 2Y) 2.76%  (as of 2026-07-22)
    spread          +1.50%
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-07-22)
    vs DXY      -0.78
    vs S&P 500  +0.41
    vs DXY beta -0.81 (26w)