EUR/USD: positioning -8.0%

On 2026-08-06, EUR/USD closed at 1.15574, up 0.22% on the day. It trades at 33.2% of its 52-week range. Its RSI(14) of 62.35 is in the 85th percentile of its history since 2003, and its 20-day return of +1.19% in the 71st 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 1.14441 / 1.14769 / 1.16285, with price +0.99% / +0.70% / -0.61% against them. Its 52-week range is 1.13254–1.20236; it closed 3.88% below the high and 2.05% above the low. Its 20-day volatility is 0.289% daily, in the 9th percentile of its history since 2003. Its 14-day average true range (ATR) is 0.00564 (56.4 pips), 0.49% of price. It has returned +0.79% over 5 days and -1.35% over 60 days.

=== EUR/USD  (pip 0.0001) ===
  >> close 1.15574  +0.217%   · 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 2026-08-06, prior 2026-08-05)
    close       1.15574
    change      +0.00250  (+0.217%, +25.0 pips)
    gap         +0.00234  (+23.4 pips)  (cross-session move on continuous FX; not a feed gap)
  range            (as of 2026-08-06)
    range       0.00419  (41.9 pips)
    close pos   89.0% of range
  moving averages  (as of 2026-08-06)
     20d MA     1.14441   price above by +0.99%
     50d MA     1.14769   price above by +0.70%
    200d MA     1.16285   price below by -0.61%
    price mixed vs MAs
    stack: 200d > 50d > 20d
  volatility       (as of 2026-08-06)
    20d stdev   0.289% daily ≈ 4.6% annualized (×√252)   (9th pct of own history, since 2003 (5852 obs))
    vs easing-2024 avg  0.67× (0.289% vs 0.429% era avg)
  ATR              (as of 2026-08-06)
    ATR(14)    0.00564  (56.4 pips)
    ATR%        0.49%   (5th pct of own history, since 2003 (5858 obs))
    range/ATR   74.2%
  52-week range    (as of 2026-08-06)
    high        1.20236   (-3.88% from high)
    low         1.13254   (+2.05% from low)
  momentum         (as of 2026-08-06)
    RSI(14)     62.35   (85th pct of own history, since 2003 (5858 obs))
  returns          (as of 2026-08-06)
     5d return  +0.79%
    20d return  +1.19%
    60d return  -1.35%
  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      0.4289%
  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  (35 days)
    USD (EFFR)            3.63%  (as of 2026-08-05, daily effective)
    next Fed              2026-09-16  (41 days)
    differential    -1.38%  (base−quote)
  10Y yield spread (US–EU)
    US (DGS10)      4.63%  (as of 2026-08-05)
    EU (euro-area AAA 10Y) 3.15%  (as of 2026-08-05)
    spread          +1.48%
  2Y yield spread (US–EU)
    US (DGS2)       4.18%  (as of 2026-08-05)
    EU (euro-area AAA 2Y) 2.67%  (as of 2026-08-05)
    spread          +1.51%
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-08-06)
    vs DXY      -0.85
    vs S&P 500  +0.50
    vs DXY beta -0.72 (26w)