EUR USD - exchange rate, price online, value, charts, historical performance, forecast, technical and fundamental analysis, comments and other financial information to help you make more informed trading and investment. The EUR USD currency pair is included in the major group of currencies, and the trsimple-invest.infoading of this currency pair accounts for about a third of the total trading volume on the Forex currency market. The demand for the currency is due to the fact that both of its constituent currencies, the Dollar and the Euro, underlie the world's largest economies, the United States and the European Union, and the USD, moreover, is the world's main reserve currency.
Simple and lightweight EUR USD Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our EUR USD chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!
Technical Analysis EUR USD
EUR USD Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.
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How to Trade EUR USD?
EUR USD for Investor
The EUR USD currency pair is included in the major group of currencies, and the trading of this currency pair accounts for about a third of the total trading volume on the Forex currency market. The demand for the currency is due to the fact that both of its constituent currencies, the Dollar and the Euro, underlie the world's largest economies, the United States and the European Union, and the USD, moreover, is the world's main reserve currency.The quote of the pair is reversed, as evidenced by the US dollar standing second.
The liquidity of the EUR USD currency pair is at a high level almost always, however, the greatest activity usually falls on the European and American trading sessions.
It should be taken into account that the EUR USD quote has the largest trading turnover in the world among currency pairs, which is why you can not be afraid of a lack of liquidity even during periods of decline in activity. At the same time, the volatility of the asset remains at a relatively moderate level.
EUR USD has a significant dependence on large-scale economic news. One of the main factors for its forecasting can be considered the US monetary policy, including the dynamics of interest rates and open market operations.
A good indicator for the EUR against USD is the change in the difference between the interest rate of the US Federal Reserve and the interest rate of the European Central Bank.
EUR USD is great for currency traders who are just starting out as the currency moves at a fairly slow pace compared to other major pairs. In addition, EUR USD is negatively correlated with USD/CHF and this is due to the positive agility with GBP/USD. Traders who are actively working with the euro-dollar currency pair should always be aware of economic developments in the US and the Eurozone. The pair mainly adheres to the trading movement along the trend. When opening market transactions, a trader must evaluate current prices, determine the trend and find historical levels to identify a trading perspective.
There are several good reasons to trade EUR USD. First of all, it is one of the most popular and widely traded pairs around the world in all markets, which helps the pair provide the liquidity needed to move prices. EUR USD is actually the most traded currency pair, because the Euro and the US dollar are both among the most liquid currencies, as there are many transactions with these currencies. This indicates that a Forex trader can invest a significant amount of money in a position/trade. They can lead to large profits with a small scale of market fluctuation.
The EUR USD currency pair has a narrow spread, which in most situations receives a higher spread quote from forex brokers due to the fact that this is one of the more impulsive and volatile pairs. Thus, the biggest advantage of trading this EURUSD pair is that the trader will be able to make large trades and will pay smaller spreads.
Traders need to understand and consider important points before trading EUR USD. It is paramount that countries such as Germany, France, Italy and Spain form more than 3/4 of the Eurozone's GDP. Thus, economic news and statistics related to these countries, along with the US, have a huge impact on trading results and volatility. One simple rule about the EUR USD currency pair - the more volatility in the market, the more profit you can make. Any news, whether good or bad, can create a market move that is good for some and not so good for others. It is at this point that an opportunity is formed for the trader; this is his best time to trade currencies, provided that he saw it and calculated it.
EUR - Euro (€). It is the second largest currency in circulation after the US dollar. Since the Euro was introduced, it has received recognition and approval to become the official currency for the 16 countries that have been included in the Eurozone since 2002 and have replaced their national currencies (Austria, Cyprus, Belgium, Finland, France, Germany, Greece, Luxembourg, Malta, Netherlands, Italy, Ireland, Portugal, Slovakia, Slovenia and Spain). The euro is the second largest reserve currency after the US dollar, and the eurozone is the second largest economic region, once again ranked second in the economy behind the US.
Non-Euro European countries such as Denmark, Sweden and the United Kingdom are controlled and served by the European System of Central Banks, which includes the European Central Bank and the Eurozone central banks.
USD - US Dollar ($). The currency of the American economy, and over time it has become the most reliable currency in the world. Despite efforts to drop and crowd out the dollar, the recent economic crisis has clearly demonstrated the support that the US dollar enjoys and that it is an essential option for investors looking for a safe currency.
The economy is a complex topic, and the American economy is no less. To understand the dollar, you need to understand everything in detail - the reason for the rise and fall of interest rates along with the political pressure created by their structured labor groups.
Comments
Submitted by Anonymous on Mon, 07/01/2024 - 15:42
How to Read the MACD Indicator and Use It in Your Trading
Technical analysis is a vast field with thousands of indicators, which may be confusing to those among us who are just starting out. In this Idea, we look at one of the most popular indicators and also one of the easiest ones to fire up and start using from Day 1.
MACD (Moving Average Convergence Divergence)
MACD is arguably the most widely used indicator that can get slapped on virtually every chart out there. The indicator’s full name is Moving Average Convergence Divergence, but you don’t need to remember that.
If you need to take away one thing, it’s this: MACD is easy to read. Here’s how to do it.
Technical Side of Things
Add the MACD in your chart of choice — any chart, any time frame.
You’ll see three default numbers used to set it up — 12, 26, 9.
Next, you see that there are two lines that move up and down and cross each other occasionally. The two lines are:
Because the two lines measure price changes at different speeds, the faster one (MACD) will always run ahead and react before the slower one (Signal) catches up.
How to Trade with MACD
If all that sounds a bit complex, here’s the gist of it:
Technically, whenever a new trend is shaping up, the slower line should confirm it by following the faster line. And that happens when the two cross over. The way to potentially spot new trading opportunities is to look for the crossover.
This, in a nutshell, is how to read the MACD indicator and use it to help you become a more profitable trader. There's a whole plethora of MACD examples in action — dive right in!
Let us know your thoughts and experience with the MACD in the comments below!
Submitted by Anonymous on Mon, 07/01/2024 - 15:26
EUR/USD PREPARING FOR SOME LONGS BEFORE SELL OFF
EUR/USD 4H - We have been delivered with the BOS.
I have gone ahead and highlighted an actual gap in the market that I would like to see price come to fill, i believe that price is currently putting in the correction to come and clear this area before a continuation higher.
What we want to see is for price to trade down and into this area of interest and once its penetrated to then break structure fractally to the upside, this will give us the confirmation we need in order to confirm that enough Demand has been put in to flip the balance and put an end to the corrective wave.
I have set some alerts in and around the area and I will now wait for price to trade us down and into the area of Demand, once we have the confirmation we need in order to enter, I will look at entering in on the market.
Submitted by Anonymous on Mon, 07/01/2024 - 15:23
EUR USD Weekly and monthly bulls attack!
Wonderful opportunity to long, don't miss it.
Monthly and weekly eurusd failed to break below 1.067, there has to be an uptrend momentum.
US news are not doing well, because of the interest rates, it's time to flip the market.
Watching MACD daily!
Submitted by Anonymous on Mon, 07/01/2024 - 15:19
EURUSD - BUY IDEA
I'm going long on EURUSD based on the 15-minute chart. The Elliott Wave pattern indicates the completion of wave (4) and the onset of wave (5) impulsive move. My target for wave (5) is the 1.618 Fibonacci extension level at 1.08402.
The chart shows a clear impulsive wave pattern, suggesting upward momentum. Entering at the current price level of 1.07447, I expect a move to the indicated Fibonacci level. The stop-loss is set just below the recent low of wave (4) to manage risk effectively. This setup provides a favorable risk-reward ratio for a long position.
Submitted by Anonymous on Wed, 02/28/2024 - 17:15
I expect a drop to 1.08300 - 1.08150 for a rise to 1.09.
There are many reasons both fundamental and technical
So I am confident in this move and I think it is low risk.