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EUR/USD

EURUSD
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1.158

-0.002-0.14%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.14%

5 Days

-0.84%

1 Month

+0.36%

6 Months

-1.97%

Year to Date

-1.44%

1 Year

-1.16%

Key Data Points

Opening Price

1.159

Previous Closing Price

1.159
Price Range of the Day
1.1571.159
52-Week Price Range
1.1321.208

Recent

Analysis

Euro tests two-week lows as risk aversion, Fed tightening bets buoy the US Dollar

The Euro (EUR) is trading lower against the US Dollar (USD) for the second consecutive day on Wednesday, weighed by risk aversion amid growing tensions in the Middle East, while rising bets of Federal Reserve (Fed) interest rate hikes support speculative demand for the US Dollar.

Fxstreet10 minutes ago

Euro: ECB guidance may trigger asymmetric downside risks - Commerzbank

Commerzbank’s Antje Praefcke notes that markets are fully pricing an European Central Bank (ECB) rate hike next week after Euro Area inflation rose to 3.3%, but she doubts further tightening beyond September as projections show inflation declining into 2027.

Fxstreetan hour ago

Euro: Pressured as ECB hike looms – Danske Bank

Danske Research Team notes that EUR/USD slipped below 1.1600 as the US Dollar strengthened on a hawkish Federal Reserve stance and geopolitical tensions. The team highlights that Euro area inflation has moved back above 3%, reinforcing expectations for a September ECB rate hike.

Fxstreet3 hours ago

EUR/USD Price Forecast: Weakens below 1.1600, further consolidation cannot be ruled out

The EUR/USD pair loses traction to near 1.1575 during the early European session on Wednesday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish Federal Reserve (Fed) stance and escalating Middle East geopolitical tensions.

Fxstreet5 hours ago

EUR/USD Price Forecast: 200-day SMA caps Euro as Dollar firms

The shared currency edges lower, capped by the 200-day Simple Moving Average (SMA) at 1.1633, amid rising geopolitical tensions and escalating hostilities between the US and Iran, prompting investors to buy the US Dollar. At the time of writing, the EUR/USD trades at 1.1590, down 0.25%.

Fxstreet11 hours ago

Forex Today: Enter the US labour market

The US Dollar (USD) has managed to leave behind the negative start to the week and regained balance on Tuesday. The recovery has come on the back of a generalised recovery in US Treasury yields and ongoing tensions in the geopolitical landscape.

Fxstreet16 hours ago

Indicators

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Sell
Sell(7)
Neutral(3)
Buy(2)
Indicators
Sell(3)
Neutral(3)
Buy(0)
Indicators
Value
Direction
MACD(12,26,9)
-0.002
Neutral
RSI(14)
49.798
Neutral
STOCH(KDJ)(9,3,3)
14.976
Sell
ATR(14)
0.005
Low Volatility
CCI(14)
-81.822
Neutral
Williams %R
73.276
Sell
TRIX(12,20)
0.059
Sell
StochRSI(14)
0.000
Oversold
Moving Average
Sell(4)
Neutral(0)
Buy(2)
Indicators
Value
Direction
MA5
1.160
Sell
MA10
1.164
Sell
MA20
1.160
Sell
MA50
1.150
Buy
MA100
1.157
Buy
MA200
1.163
Sell

EUR/USD Trading Strategy

Intraday
Medium Term
Short Term
The downside prevails as long as 1.1614 is resistance, with 1.1562 and 1.1548 as targets

Trading Strategy

The downside prevails as long as 1.1614 is resistance, with 1.1562 and 1.1548 as targets

Alternative scenario

above 1.1614, look for 1.1636 and 1.1650.

Comment

The downside prevails as long as 1.1614 is resistance, with 1.1562 and 1.1548 as targets

32 minutes ago
Source: Trading Central(Reference Only)

More Details of EUR/USD

The EUR/USD currency pair represents the exchange rate between the Euro (EUR) and the U.S. Dollar (USD). It is the most traded currency pair in the world, accounting for a significant portion of global forex transactions. The Euro is the official currency of the Eurozone, while the U.S. Dollar is the world's primary reserve currency. The EUR/USD pair is influenced by various factors, including economic indicators, interest rate differentials, and geopolitical events, making it a focal point for traders and investors seeking to capitalize on currency fluctuations.

What are the best times to trade EUR/USD?

An ideal time to trade this currency pair is during the overlap session of the New York and Euro market, which is from EST 8:00 am - 12:00 pm or PST 5:00 am - 9:00 am. During this period, you will see the most active trading of the day.

What makes the EUR/USD move?

The EUR/USD is influenced by a number of factors, some common events include the monetary policy of the European Central Bank (ECB) and the Federal Reserve (Fed), the release of unemployment data, inflation, GDP growth and other political events.

Is EUR/USD a good pair to trade?

EUR/USD is the most recommended forex pair for all types of traders, even novices. Since the Euro and the US Dollar are the two major currencies in the world, this pair offers high liquidity and low transaction costs.

EUR/USD

1.158
-0.002-0.14%
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