Trading EURUSD

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Trading EUR/USD

Follow EURUSD Following EURUSD Unfollow EURUSD

EURUSD Forex Chart

Ideas

EURUSD On support line . Price need correction to fall. I recommend everyone to buy EURUSD and exit the resistance line deal

Please support this idea with LIKE if you find it useful. Price was rejected by Horizontal Resistance and Head & Shoulders pattern continued working out. Currently we are going to test the horizontal support. In case there is a confirmed breakout we can initiate a short position If price will test the horizontal resistance again, then we can initiate a short.

Hi friends, here my daily analytics for EUR/USD price. Reasons: – Price trades in Downward Channel – Price near support level 1.0830 – Current resistance level 1.0955 – To open long only after fake breakout of support level or other confirmation – Always do your own research before opening positions and always put SL If you have your own opinion or thoughts.

Tired of reading posts like ” I have got my analysis correct 8 times in a row/ 600 pips gain!”? Well, this might be a much-needed change. In this post, let us take a look at how we can sell EURUSD and gain some blue pips. Since EURUSD is in a downtrend, we are looking to sell and increase the chances of a profitable trade by more than 76%. However, we can just.

Stand down from the level. Or I’m gonna trade a false positive. It’s more like a fake breakout scenario. can be counted on (r/r – 1/5) Friends, thanks for your likes and comments! Good luck with trading!

If impulse is complete, than the pullback may be a bit deeper. Anyway, after an impulse and a correction – another impulse is generally expected.

EURUSD hit our first 1.08575 Target as set on our previous trade: A new Channel Down has emerged on the 4H chart (RSI = 41.160, MACD = 0.000, ADX = 51.810) and is headed towards the 1.07850 symmetrical low (from March 25th). This is our new Target 1. The 1.06500 Target 2.

Upside move expected according chart pattern. ThankYou

Everything is clear for me. but :-) Its market Last analyse

Historic and uwful numbers are comming huge drop into dollar index.

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EURUSD TRADING PLAN

������HELLO, DEAR ������ How are you doing? I managed to gain a few kg, trading’s so nervous, isn’t it? ����haha. As for the dollar, I see, that it’s trying to fixed after forming of the head and shoulders. IMHO, we can expect a falldown. I advise short, but be careful. first goal 1.092. After that, is better to put stoploss. ��Remember, the main thing is not to be.

Hey everyone, as you can see on the chart, EURUSD has a pretty big support below it and it is currently on the FIb 0.236 line. We are currently seeing lower volumes as well. To me, this signals that we will soon see it bounce off either from our support or the FIb Level, which is less likely in my view. You can also see that there is a Gann Fan on the chart.

This is my analysis on this pair. The ultimate target is as stated if the pattern works out. It will climb in waves and not just go straight up. But we have to respond to what the market does and not predict. So keep an open mind and watch out for price action when new HH’s are made.

Please Support this Idea with LIKE if it is Useful. EURUSD The price is close to support/resistance level,,If price stays above the level then there is a chance that price will moving up from the level,wait for the price to gives any bullish signal and look for buy opportunity,If price move down then it could go lower to form a potential double bottom around.

��Short intro: I am full time trader – analyst * high accuracy of ideas * technicaly and fudnamentaly side in analysis, check link in signature of my Telegram group for more * ideas mosly based on my program readings * you can contact me for more infos about my work or for some kind of cooperation * comment if have any questions or want to send support ��Why.

Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information.

I believe many Tp lines are cleared now. BB at the low of the boundary and expect a bullish candle print!! Eventually to be on long scalp!! I write on a personal note take due care.

Technicals

Profile

EUR USD (Euro / US Dollar)

The most traded currency pairs in the world are called “the Majors” and the EURUSD leads this group as the most traded pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

EUR/USD News (Euro US Dollar)

EUR/USD dips below amid coronavirus headlines, ahead of NFP

EUR/USD is trading below 1.08, extending its losses. Coronavirus cases exceed one million and deaths are above 50,000, more than half in Europe. US Non-Farm Payrolls for March are awaited.

Latest EURUSD News

EUR/USD tumbles to lows in sub-1.0800 levels

Coronavirus update: Spain reports nearly 1000 more deaths on Friday

Germany’s RKI: Strategy against the coronavirus outbreak is working

Technical Overview

EUR/USD has lost more than 50% of the gain from 1.0640 to 1.1150, raising the chances that the rise was the correction and that new lows are on the cards. The currency pair is trading below the 50, 100, and 200 Simple Moving Averages, and the Relative Strength Index is above 30 – outside oversold conditions.

Support awaits at 1.0820, Thursday’s low, followed by 1.0750, which was a stepping stone on the way up. The 2020 trough of 1.0640 is critical support.

Resistance awaits at 1.09, which provided support earlier this week, and it is followed by 1.0970, which held it down around the same time. The next levels to watch are 1.1050 and 1.1090.

Fundamental Overview

Around half of global COVID-19 deaths are concentrated in Italy, Spain, and France – and that is only one of the factors erasing over 50% of late March’s gains.

1) Worrying coronavirus figures in Europe

While Italy has seen as a flattening of the curve – fewer deaths and new cases under control – Spain is setting records in mortalities on an almost daily basis. France, which counts only losses of lives in hospitals, is also seeing rising numbers. The three countries have 29,650 out of 53,146 global deaths.

Updates figures from Spain are due out in the European morning, followed by France and Italy.

2) No coronabonds

Leaders in the old continent remain at loggerheads over the economic relief for the crisis. The three countries and others are demanding “coronabonds” – issuing joint European debt. Germany is leading the opposite camp. Ursula von der Leyen, President of the European Commission, is looking for a compromise alongside the Eurogroup – European finance ministers.

However, without an immediate solution to the fast-evolving problem, the euro has room to the downside. Sapin reported a leap of 300,000 in jobless claims, allowing the first look into the economic carnage of coronavirus. Markit’s final Service Purchasing Managers’ Indexes will likely confirm the weakness.

3) When the US sneezes, the world catches a cold

Crossing the Atlantic, US Unemployment Claims also paint a grim picture. Requests for benefits have more than doubled to 6.648 in the week ending March 28 – beyond the worst estimates. Moreover, figures could have been even higher as some states struggled to process the flood of claims. The current level of applications represents an unemployment rate of roughly 10%.

The US dollar gained ground in response to the figures and remains the currency of choice in times of trouble. If the US struggles, the rest of the world suffers, and the dollar is demand.

The focus now shifts to the first coronavirus-impacted Non-Farm Payrolls report – yet it lags jobless claims by around two weeks. March’s labor market surveys were taken on the week including March 12. While it is unlikely to show the devastating destruction of jobs, a loss of 100,000 positions is on the cards. The figures could be a win-win for the dollar.

  • Nonfarm Payrolls Preview: Is the dollar’s fate sealed?
  • US Non-Farm Payrolls March preview: If it’s terrible, it’s expected, if it’s not, April will be

The ISM Non-Manufacturing PMI is due out after the NFP, but may still move markets. Services sectors all over the world have struggled more than the manufacturing sectors. Economists expect a sharp drop below 50 – reflecting contraction.

See: Non-Manufacturing PMI Preview: The disaster may be delayed. until April

What about the coronavirus situation in the US? It remains dire, with nearly a quarter of the million infections gripping the world’s largest economy. Nevertheless, the rapid spread of the disease in America may prove as another boost for the safe-haven greenback.

EUR/USD Euro / United States Dollar

The most traded currency pair in the world, representing the world’s two largest trading blocks, offers consistently tight spreads and high liquidity.

Latest Research

EUR/USD To $1.0640?

Just When You Thought Initial Claims Couldn’t be Any Worse….

NFP Preview: Stale Jobs Figures Could Mask the Full Brunt of COVID-19’s Disruption

Interesting facts

EUR/USD is one of the most traded currency pairs in the world. It represents the value of the US dollar per one euro. The euro is a relativity new currency when compared with the other majors, it was established by the provisions in the 1992 Maastricht Treaty and is managed by the European Central Bank (ECB) and the Eurosystem (comprised of the central banks of the eurozone). Member nations of the euro are all part of the EU but not all EU nations are part of the euro (e.g. Denmark).

Price drivers

A general rule is that the larger the GDP of a country in the Eurozone, the larger their impact on the euro. In this regard, economic data and policy decisions in Germany (which has the highest GDP in the Eurozone as of 2020) can have a significant impact on EUR. Shakeups within the Eurozone, such as the United Kingdom’s Brexit, can of course cause euro volatility as well. However, smaller countries also can affect the euro, especially in times of crisis that threaten the economic stability of the region and possibility cause s domino effect. Other data including GDP growth, employment, inflation and trade balance data are important. The ECB dictates interest rates for the region and can cause the euro to move significantly through other policy decisions it makes.

USD can be influenced by labor market data – in particular non-farm payroll (NFP) results and the level of unemployment – US GDP and inflation data, interest rates and the Fed.

Best Time to Day Trade the EUR/USD Forex Pair

Best hours of the day to day trade the EUR/USD

Image by © The Balance 2020

The allure of forex day trading is that you can trade 24-hours a day. Unfortunately, that doesn’t mean you should. Day traders should only trade a forex pair when it’s active and there’s lots of volume and transactions occurring. The EUR/USD has certain hours which are acceptable for day trading because there is enough volatility to generate profits, which are likely higher than the cost of the spread or commission. To be efficient and capture the largest moves of the day, day traders hone in even further, often day trading only during a specific 3–4-hour window.​

The Impact on EUR/USD Volatility

The forex market operates 24-hours a day during the week because there’s always a global market open somewhere due to time zone differences. However, not every global market actively trades every currency, so different forex pairs are actively traded at different times of the day.

When Europe is open for business, pairs that involve the euro (EUR) or British pound (GBP) are more actively traded. When the U.S. and Canada are open for business, pairs that involve the U.S. dollar (USD) and Canadian dollar (CAD) are more active.

If day trading the EUR/USD, the times that are likely to be most active for the pair, on average, will be when London and New York are open. Those markets are open between 0800 and 2200 Greenwich Mean Time (GMT). To see major market hours in your own timezone, or your broker’s (charts) time zone, use the forex market hours tools.

Acceptable Times to Day Trade EUR/USD

The hourly volatility chart shows how many pips the EUR/USD moves each hour of the day (times are in GMT). There is a significant increase in the amount of movement starting at 0700, which continues through to 2000. After this, movement each hour begins to taper off, so there are likely to be fewer big price moves day traders can participate in.

Day traders should ideally trade between 0700 and 2000 GMT. Trading outside of these hours, the pip movement may not be large enough to compensate for the spread or commissions.

Volatility changes over time, but the most volatile hours generally do not change too much. 0700 to 2000 GMT will continue to be the most acceptable time to day trade, regardless of whether daily volatility increases or decreases. Note that daylight savings time may affect trading hours in your area.

Your guide to trading the EUR/USD pair

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Trading EUR/USD

As the two largest and mostly commonly traded currencies in the world, the euro (EUR) and US dollar (USD) represent the highest proportion of trades made in international finance. Euro to USD (EUR/USD) trading occurs constantly and the pairing of the two is extremely popular; it’s actually the most liquid currency pairing in the world.

A large number of companies operate both within Europe and the Unites States, owning offices in both locations. As such, this is one reason why a large amount of exchanges are made using the two currencies every single day.

However, this isn’t the only reason why euro to US dollar trades see such high volumes every day. Other reasons for trading and investing include: the vast amount of economic and financial data available on the EUR/USD exchange rate, the wide range of market participants and the combination of volatility and liquidity in the EUR/USD market – all of which make trading this pair attractive to newcomers and veterans alike.

The history of EUR/USD

Despite being a currency pair that has only existed since the end of the 20th century, EUR/USD has proven itself to be a powerhouse in modern forex trading.

The euro itself was first envisioned towards the beginning of the 20th century. However, it wasn’t fully realised until the end of the century. It first came into being as a purely digital currency, and then as physical notes and coins. This common currency for a large proportion of Europe quickly gained traction and became cemented as a market leader. Euro trading swiftly developed into a new and exciting financial opportunity.

The dollar, of course, is far older, with roots stemming back to 1792 and the creation of the United States Constitution. Since that time, the dollar has grown considerably in strength and, paired with the euro, has become something of a global standard among investors and traders.

The euro rate history, however, has not always been so stellar – some blips have occurred over its short lifespan. Between 2008 and 2020, the euro saw an historic record fall. This followed the fallout from the 2008 financial crisis: while US subprime mortgage crisis increased its strength, the crisis caused a recession in Europe. Over the next few years the EUR/USD experienced large price swings as various economic and political events affected it.

Major factors influencing EUR/USD

In these two subsections, we’re going to take a deeper look at this market and discover the roles of both currencies when it comes to the euro to US dollar trading landscape.

Role of Euro

As interest rates play a major part in the moves of the EUR/USD exchange rate, it will come as no surprise that the European Central Bank (ECB) is one of the major institutions to which investors and traders will pay close attention when making decisions that might affect the future direction of this currency pair.

The ECB releases monthly reports concerning interest rates and economic outlook, which are used by investors and traders as indicators about future policy direction and the effect these may have on the EUR/USD exchange rate.

Wider economic data, such as consolidated employment numbers, can also impact the EUR/USD exchange rate and can be a vital source of information for traders.

Role of USD

As with its counterpart, the US dollar is influenced by its own central bank, the US Federal Reserve – often referred to as the Fed. The institution releases the Federal Funds rate and rate statements eight times a year, which can provide insight into the state of the US economy and impact the currency.

In the US, the Bureau of Labor Statistics release Nonfarm Payroll numbers usually on the first Friday of every month. This is the US unemployment data and can often cause volatility in the EUR/USD pairing. It is closely watched by traders and investors around the world.

How to trade EUR/USD

In the next two subsections, we’re going to explore how euro to USD trading occurs and why it is such a popular markets for traders and investors. We’ll be talking about contracts for difference (CFDs), specifically CFDs on forex – a popular form of derivative trading which enables investors to speculate on the rise and fall of prices across global financial markets.

CFD trading offers great opportunities with a reliable CFD broker. Sign up at Capital.com and access the most popular global markets via our web platform or our ultimate trading app.

Trading CFDs on EUR/USD

For many traders, the most attractive part of using CFDs is being able to trade speculatively on the movement of foreign exchange markets without having to actually own the currencies. Because of the volume and liquidity of EUR/USD, it has always been a popular choice for many when dealing with CFDs on forex.

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