EUR/USD: RSI 72.94 (98th pct)

On 2026-08-21, EUR/USD closed at 1.16932, up 0.17% on the day. It trades at 52.7% of its 52-week range. Its RSI(14) of 72.94 is in the 98th percentile of its history since 2003, and its 20-day return of +2.78% in the 89th percentile. RSI above 70 is conventionally termed overbought. Leveraged-money positioning is net -7.2% of open interest, at 5% of its own two-year positioning range. It is trading above its 20-, 50- and 200-day moving averages. Its 20/50/200-day moving averages are 1.15311 / 1.14742 / 1.16297, with price +1.41% / +1.91% / +0.55% against them. Its 52-week range is 1.13254–1.20236; it closed 2.75% below the high and 3.25% above the low. Its 20-day volatility is 0.297% daily, in the 10th percentile of its history since 2003. Its 14-day average true range (ATR) is 0.00574 (57.4 pips), 0.49% of price. It has returned +1.37% over 5 days and +0.35% over 60 days.

=== EUR/USD  (pip 0.0001) ===
  >> close 1.16932  +0.166%   · price > all MAs; RSI(14) 72.94 (98th pct, since 2003 (5869 obs))
     cross-signal: flow signals align EUR/USD up: 20d return, daily %
  price & change   (as of 2026-08-21, prior 2026-08-20)
    close       1.16932
    change      +0.00194  (+0.166%, +19.4 pips)
    gap         +0.00071  (+7.1 pips)
  range            (as of 2026-08-21)
    range       0.00150  (15.0 pips)
    close pos   82.0% of range
  moving averages  (as of 2026-08-21)
     20d MA     1.15311   price above by +1.41%
     50d MA     1.14742   price above by +1.91%
    200d MA     1.16297   price above by +0.55%
    price > all MAs
    stack: 200d > 20d > 50d
  volatility       (as of 2026-08-21)
    20d stdev   0.297% daily ≈ 4.7% annualized (×√252)   (10th pct of own history, since 2003 (5863 obs))
    vs easing-2024 avg  0.70× (0.297% vs 0.427% era avg)
  ATR              (as of 2026-08-21)
    ATR(14)    0.00574  (57.4 pips)
    ATR%        0.49%   (5th pct of own history, since 2003 (5869 obs))
    range/ATR   26.1%
  52-week range    (as of 2026-08-21)
    high        1.20236   (-2.75% from high)
    low         1.13254   (+3.25% from low)
  momentum         (as of 2026-08-21)
    RSI(14)     72.94   (98th pct of own history, since 2003 (5869 obs))
  returns          (as of 2026-08-21)
     5d return  +1.37%
    20d return  +2.78%
    60d return  +0.35%
  volatility by rate-era
    pre-crisis       1.05%   (from 2003-12-01)
    ZIRP-2009        0.66%
    tightening-2015  0.49%
    ZIRP-2019        0.39%
    tightening-2022  0.55%
    easing-2024      0.43%
  positioning      (as of 2026-08-18)
    next COT     as of 2026-08-25 (released ~that Fri, later if a holiday intervenes)
    net         -57,716 contracts (net short EUR)
    net % OI    -7.2%
    net%OI range -8.0% … +6.5% (own 138w)
    w/w change  +2,884
  rate differential (EUR–USD policy)
    EUR (ECB_DFR)         2.25%  (set 2026-06-17, deposit-facility floor)
    next ECB              2026-09-10  (20 days)
    USD (EFFR)            3.63%  (as of 2026-08-20, daily effective)
    next Fed              2026-09-16  (26 days)
    differential    -1.38%  (base−quote)
  10Y yield spread (US–EU)
    US (DGS10)      4.69%  (as of 2026-08-20)
    EU (euro-area AAA 10Y) 3.28%  (as of 2026-08-20)
    spread          +1.41%
  2Y yield spread (US–EU)
    US (DGS2)       4.19%  (as of 2026-08-20)
    EU (euro-area AAA 2Y) 2.79%  (as of 2026-08-20)
    spread          +1.40%
  cross-asset corr (26w weekly returns; async daily closes cap the magnitude)  (as of 2026-08-21)
    vs DXY      -0.84
    vs S&P 500  +0.44
    vs DXY beta -0.74 (26w)