EUR/USD: positioning -8.0% (0th pct)

On 2026-07-31, EUR/USD closed at 1.15235, up 0.49% on the day. It trades at 28.4% of its 52-week range. Its RSI(14) of 60.85 is in the 82nd percentile of its history since 2003, and its 20-day return of +0.88% in the 66th percentile. Leveraged-money positioning is net -8.0% of open interest, in the 0th percentile of its own two-year range. Its 20/50/200-day moving averages are 1.14223 / 1.14848 / 1.16303, with price +0.89% / +0.34% / -0.92% against them. Its 52-week range is 1.13254–1.20236; it closed 4.16% below the high and 1.75% above the low. Its 20-day volatility is 0.285% daily, in the 8th percentile of its history since 2003. Its 14-day average true range (ATR) is 0.00599 (59.9 pips), 0.52% of price. It has returned +1.29% over 5 days and -1.77% over 60 days.

=== EUR/USD  (pip 0.0001) ===
  >> close 1.15235  +0.491%   · positioning net%OI -8.0% (0th pct — near bottom of own 135w range (band bottoms at -8.0%))
     cross-signal: flow signals align EUR/USD up: daily %, 20d return
  price & change   (as of 2026-07-31, prior 2026-07-30)
    close       1.15235
    change      +0.00563  (+0.491%, +56.3 pips)
    gap         +0.00588  (+58.8 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-07-31)
    range       0.00669  (66.9 pips)
    close pos   96.3% of range
  moving averages  (as of 2026-07-31)
     20d MA     1.14223   price above by +0.89%
     50d MA     1.14848   price above by +0.34%
    200d MA     1.16303   price below by -0.92%
    price mixed vs MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-07-31)
    20d stdev   0.285% daily ≈ 4.5% annualized (×√252)   (8th pct of own history, since 2003 (5848 obs))
    vs easing-2024 avg  0.66× (0.285% vs 0.430% era avg)
  ATR              (as of 2026-07-31)
    ATR(14)    0.00599  (59.9 pips)
    ATR%        0.52%   (8th pct of own history, since 2003 (5854 obs))
    range/ATR   111.7%
  52-week range    (as of 2026-07-31)
    high        1.20236   (-4.16% from high)
    low         1.13254   (+1.75% from low)
  momentum         (as of 2026-07-31)
    RSI(14)     60.85   (82nd pct of own history, since 2003 (5854 obs))
  returns          (as of 2026-07-31)
     5d return  +1.29%
    20d return  +0.88%
    60d return  -1.77%
  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      0.4298%
  positioning      (as of 2026-07-28)  (predates 2026-07-29 FOMC)
    next COT     as of 2026-08-04 (released ~that Fri, later if a holiday intervenes)
    net         -65,198 contracts (net short EUR)
    net % OI    -8.0%
    net%OI range -8.0% … +6.5% (own 135w)
    w/w change  -8,527
  rate differential (EUR–USD policy)
    EUR (ECB_DFR)         2.25%  (set 2026-06-17, deposit-facility floor)
    next ECB              2026-09-10  (41 days)
    USD (EFFR)            3.63%  (as of 2026-07-30, daily effective)
    next Fed              2026-09-16  (47 days)
    differential    -1.38%  (base−quote)
  10Y yield spread (US–EU)
    US (DGS10)      4.68%  (as of 2026-07-30)
    EU (euro-area AAA 10Y) 3.20%  (as of 2026-07-30)
    spread          +1.48%
  2Y yield spread (US–EU)
    US (DGS2)       4.23%  (as of 2026-07-30)
    EU (euro-area AAA 2Y) 2.71%  (as of 2026-07-30)
    spread          +1.52%
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-07-31)
    vs DXY      -0.83
    vs S&P 500  +0.47
    vs DXY beta -0.75 (26w)