EURUSD

In this section, you will find important EURUSD news, actionable trading ideas, and a live EURUSD chart to help you understand the markets better.

What’s EURUSD ?

EURUSD is a Forex pair that shows how many US dollars it costs to buy one Euro. The Euro is the so-called base currency, while the US is the quote currency in this pair. The EURUSD is the most popular trading pair in the FX markets, and about 25% of all trades are made in this pair.  The pair is therefore considered to be one of the “Majors Pairs.”

The price of the EURUSD depends on the supply and demand of the Euro and the US Dollar. The factors that affect supply and demand are the relative interest rates, the GDP growth, inflation, unemployment rates, balance of payments, and other macroeconomic figures.

The US Federal Reserve Bank (FED) and the European Central Bank (ECB) are the two institutions that EURUSD traders follow to get an idea about the future moves of the pair. Traders also watch Germany and France, the two biggest economies in Europe that affect the price of the euro.

Live EURUSD Chart


EURUSD News

EURUSD

EUR/USD Outlook As Europe’s Vaccination Program Picks Up Pace

EUR/USD is trading higher as the Eurozone makes progress in its COVID-19 vaccination program. Initially, the drive was characterized by shortages in the vaccine supply and concerns over serious side effects of AstraZeneca’s jab. In France, the AstraZeneca vaccine is now available to everyone above 55 years of age. Besides, […]

EURUSD

EUR/USD Forecast: What to Expect Ahead of FOMC Minutes

EUR/USD has pulled back from its two-week high of 1.1880 to trade at 1.1868. The pair is consolidating ahead of PMI numbers from Europe. To begin with, Germany’s services PMI in March is expected to be at 50.8 compared to the previous month’s 45.7. Analysts also expect Italy and Spain’s […]

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EUR/USD Inverse Head and Shoulders Points to More Upside

The EUR/USD pair appears to have found a bottom at the 1.17 area as the market formed an inverse head and shoulders pattern. The NFP report from last Friday revealed that the U.S. economy added close to one million new jobs in March, sending the stocks higher and the dollar […]

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EUR/USD Outlook: Divergent Fundamentals Still At Play

The EUR/USD remains under pressure after strong NFP data and negative comments on the European coronavirus situation by the French Finance Minister Bruno Le Maire. In comments that were picked up by the newswires earlier today, Le Maire said that the new lockdowns should have an impact on the EU […]

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EUR/USD: German Retail Sales and US Initial Jobless Claims in Focus

EUR/USD is largely on a downtrend as Europe struggles to overcome the third wave of coronavirus. Besides, the progress of its vaccination program is slower compared to that of the United States. However, on Thursday’s session, the pair is on a price consolidation pattern ahead of German retail sales. In […]

EURUSD

Is EUR/USD due for an Upward Correction?

EUR/USD has fallen by about 1.70% since early last week. Europe has been largely affected by the third wave of COVID-19, an aspect that has lowered the value of the Euro against the US dollar. France, Italy, Germany, and the Netherlands are some of the European countries that have had […]

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EUR/USD At Major Support, Vulnerable to More Downside

The new trading week started with the EUR/USD pair pressured at last week’s lows. The pair trades well below the 1.18 level, and the risk is that we will see further downside should the market break the important dynamic support level seen below. News from Japan spooked financial markets at […]

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EUR/USD Outlook: 1.15 – 1.17 is a Likely Target – Nordea

The EUR/USD is higher today but remains weighed down by bearish sentiment, which has limited the upside. This comes as Nordea Bank is predicting a slide to 1.15 – 1.17, as long as the current fundamentals are left intact. Economists at Nordea argue that interest rates are disproportionately low relative […]