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EUR/USD

EURUSD
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1.167

-0.000-0.02%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

-0.02%

5 Days

+1.28%

1 Month

+2.29%

6 Months

-0.89%

Year to Date

-0.60%

1 Year

+0.20%

Key Data Points

Opening Price

1.168

Previous Closing Price

1.168
Price Range of the Day
1.1671.171
52-Week Price Range
1.1321.208

Recent

Analysis

EUR/USD Price Forecast: Bulls test 1.1700 as RSI turns overbought

EUR/USD heads for a fourth consecutive weekly gain on Friday, although it has erased its earlier intraday advance. At the time of writing, the pair trades around 1.1682 after briefly rising above 1.1700, its highest level since May 14.

Fxstreet3 hours ago

Germany: Ifo sentiment seen weakening on Iran war – Commerzbank

Commerzbank economists Christoph Balz and Ralph Solveen expect the Ifo Business Climate Index to slip from 86.6 to 86.0 in August as renewed Iran war concerns and higher energy prices weigh on expectations.

Fxstreet3 hours ago

Euro area: Manufacturing strengthens as services stall – Commerzbank

Commerzbank’s Senior Economist Dr. Vincent Stamer notes that Euro area business sentiment has stabilized at a moderate level, with the composite PMI edging up from 52.0 to 52.1 in August, slightly above consensus.

Fxstreet6 hours ago

Euro: PMI strength supports against US Dollar – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is firmer on broad US Dollar (USD) weakness and stronger-than-expected Eurozone August Purchasing Managers' Index (PMI) data. Elias Haddad highlights the composite PMI at a nine-month high, driven by manufacturing.

Fxstreet6 hours ago

Euro pares gains against US Dollar but eyes fourth weekly advance

EUR/USD reverses its earlier gains on Friday as the US Dollar (USD) steadies after retesting the three-month low touched the previous day. At the time of writing, the pair trades around 1.1677, easing from an intraday high of 1.1711, its highest level since May 14.

Fxstreet6 hours ago

Euro: Set to outperform Pound, US Dollar and Yen - Nomura

Nomura strategists see greater fiscal vulnerabilities in the United Kingdom (UK) than in the Euro area. Strong foreign inflows into Euro area bonds and comparatively better debt dynamics support its view that Euro (EUR) should outperform British Pound (GBP), US Dollar (USD) and Japanese Yen (JPY).

Fxstreet9 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
Buy
Sell(1)
Neutral(1)
Buy(9)
Indicators
Sell(1)
Neutral(1)
Buy(3)
Indicators
Value
Direction
MACD(12,26,9)
0.003
Buy
RSI(14)
72.293
Buy
STOCH(KDJ)(9,3,3)
82.050
Neutral
ATR(14)
0.004
High Vlolatility
CCI(14)
171.068
Buy
Williams %R
16.993
Overbought
TRIX(12,20)
0.064
Sell
StochRSI(14)
96.759
Overbought
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
1.164
Buy
MA10
1.159
Buy
MA20
1.154
Buy
MA50
1.147
Buy
MA100
1.157
Buy
MA200
1.163
Buy

EUR/USD Trading Strategy

Intraday
Medium Term
Short Term
The upside prevails as long as 1.1668 is support, with 1.1711 and 1.1723 as targets

Trading Strategy

The upside prevails as long as 1.1668 is support, with 1.1711 and 1.1723 as targets

Alternative scenario

below 1.1668, expect 1.1649 and 1.1638.

Comment

The upside prevails as long as 1.1668 is support, with 1.1711 and 1.1723 as targets

an hour 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

1.167
-0.000-0.02%
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