In short
Speculators are net short EUR (flat over 12 weeks). Positioning sits at 0% of its 12-week range (flip 54th pct of 10y, z +0.34).
Weekly net positioning
Net non-commercial (large speculator) positioning over the last 12 weeks. A rising net means speculators are building longs; a falling net means they are building shorts.
| Week (Tuesday) | Net position | Week-over-week | Open interest |
|---|---|---|---|
| Jun 9, 2026 | -17,388 | -29,415 | 871,507 |
| Jun 2, 2026 | +12,027 | +4,731 | 842,424 |
| May 26, 2026 | +7,296 | -9,021 | 824,224 |
| May 19, 2026 | +16,317 | -1,686 | 826,019 |
| May 12, 2026 | +18,003 | +6,157 | 829,377 |
| May 5, 2026 | +11,846 | +252 | 815,942 |
| Apr 28, 2026 | +11,594 | -8,723 | 801,430 |
| Apr 21, 2026 | +20,317 | -5,065 | 790,622 |
| Apr 14, 2026 | +25,382 | +24,500 | 788,828 |
| Apr 7, 2026 | +882 | -3,065 | 775,043 |
| Mar 31, 2026 | +3,947 | +17,485 | 774,237 |
| Mar 24, 2026 | -13,538 | — | 764,691 |
How to read this
The flip percentile normalizes Euro net positioning against roughly ten years of history: 53.5% means speculators are roughly mid-range versus their own history. The 10-year z-score (+0.34) confirms how stretched that is. Readings above the 90th percentile (or below the 10th) flag a crowded trade prone to a sharp unwind.
Positioning is a risk gauge, not an entry signal. Extremes can persist and get more extreme. Pair this with the fundamentals and a confirming move before fading a crowded trade. See how to read the COT report and using COT data to spot reversals.
Frequently asked questions
- Are speculators net long or short Euro?
- As of Jun 9, 2026, large speculators are net short the euro, with a net position of -17,388 contracts (91,856 long vs 109,244 short) in the CFTC Commitments of Traders report.
- Is Euro positioning crowded right now?
- No. Euro positioning sits at the 53.5% flip percentile of its 10-year range (z-score +0.34), which is not an extreme. Crowding warnings trigger above the 90th or below the 10th percentile.
- What is the COT flip percentile for Euro?
- Euro's flip percentile is 53.5% — where current normalized net positioning sits within roughly 10 years of history. Above 60 is long-side versus history, below 40 short-side; above 90 or below 10 is crowded.
- When is COT data for Euro updated?
- Weekly. The CFTC releases the Commitments of Traders report every Friday at 3:30pm ET with positions as of the prior Tuesday. This page last updated with data as of Jun 9, 2026.