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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.

EURGBP

EURUSD Down for Fourth Straight Day; Forex News From the US Eyed

Forex
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The euro scored its fourth consecutive losing day to the dollar on Monday. EURUSD opened the week at 1.1015 and was trading higher during the Asian session tapping an intraday high of 1.1031. However, the currency pair failed to find enough bids to sustain a rally. It closed at 1.1012.
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EURUSD: Will 1.1000 Hold?

Forex
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Forex news on Friday sent the euro deep into the bears’ territory. EURUSD initially rallied to an intraday high of 1.1086 after opening at 1.1057. However, the currency pair tumbled to 1.1013 before ending Friday’s trading with a 39-pip loss at 1.1018.
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euro

EURUSD Retests Neckline Resistance

Forex
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With only third-tier data released from Europe, EURUSD traded sideways yesterday. The currency pair was stuck within a 22-pip range as it hovered around 1.1070 before closing with a 7-pip gain. The euro-dollar exchange rate opened today at 1.1077.
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EURUSD Extends Gains; Testing Critical Near-term Resistance

Forex
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The EURUSD is holding well above the resistance at 1.10655 formed by the neckline of the October 2019 double top in Monday’ s New York trading session. The pair had completed the measured move from the breakdown of this neckline to confirm the double top, but has since reversed upwards to record gains in three trading sessions to take the pair to intraday highs of 1.1071.
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