EUR/USD: positioning -8.0%

On 2026-08-05, EUR/USD closed at 1.15324, up 0.22% on the day. It trades at 29.6% of its 52-week range. Its RSI(14) of 59.87 is in the 80th percentile of its history since 2003, and its 20-day return of +1.13% in the 70th percentile. Leveraged-money positioning is net -8.0% of open interest, at 0% of its own two-year positioning range. Its 20/50/200-day moving averages are 1.14374 / 1.14782 / 1.1629, with price +0.83% / +0.47% / -0.83% against them. Its 52-week range is 1.13254–1.20236; it closed 4.09% below the high and 1.83% above the low. Its 20-day volatility is 0.287% daily, in the 9th percentile of its history since 2003. Its 14-day average true range (ATR) is 0.00576 (57.6 pips), 0.50% of price. It has returned +1.28% over 5 days and -1.73% over 60 days.

=== EUR/USD  (pip 0.0001) ===
  >> close 1.15324  +0.218%   · positioning net%OI -8.0% (near bottom of own 135w range (band bottoms at -8.0%))
     cross-signal: flow signals align EUR/USD up: 20d return, daily %
  price & change   (as of 2026-08-05, prior 2026-08-04)
    close       1.15324
    change      +0.00251  (+0.218%, +25.1 pips)
    gap         +0.00249  (+24.9 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-08-05)
    range       0.00319  (31.9 pips)
    close pos   15.4% of range
  moving averages  (as of 2026-08-05)
     20d MA     1.14374   price above by +0.83%
     50d MA     1.14782   price above by +0.47%
    200d MA     1.16290   price below by -0.83%
    price mixed vs MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-08-05)
    20d stdev   0.287% daily ≈ 4.6% annualized (×√252)   (9th pct of own history, since 2003 (5851 obs))
    vs easing-2024 avg  0.67× (0.287% vs 0.429% era avg)
  ATR              (as of 2026-08-05)
    ATR(14)    0.00576  (57.6 pips)
    ATR%        0.50%   (6th pct of own history, since 2003 (5857 obs))
    range/ATR   55.4%
  52-week range    (as of 2026-08-05)
    high        1.20236   (-4.09% from high)
    low         1.13254   (+1.83% from low)
  momentum         (as of 2026-08-05)
    RSI(14)     59.87   (80th pct of own history, since 2003 (5857 obs))
  returns          (as of 2026-08-05)
     5d return  +1.28%
    20d return  +1.13%
    60d return  -1.73%
  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      0.4292%
  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  (36 days)
    USD (EFFR)            3.63%  (as of 2026-08-04, daily effective)
    next Fed              2026-09-16  (42 days)
    differential    -1.38%  (base−quote)
  10Y yield spread (US–EU)
    US (DGS10)      4.63%  (as of 2026-08-04)
    EU (euro-area AAA 10Y) 3.15%  (as of 2026-08-04)
    spread          +1.48%
  2Y yield spread (US–EU)
    US (DGS2)       4.20%  (as of 2026-08-04)
    EU (euro-area AAA 2Y) 2.66%  (as of 2026-08-04)
    spread          +1.54%
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-08-05)
    vs DXY      -0.85
    vs S&P 500  +0.48
    vs DXY beta -0.72 (26w)