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Live EUR/USD priceEuro to US Dollar
Daily EURUSD technical analysis is prepared by Traders Union analyst Anton Kharitonov.
EUR/USD indicator-based signals are prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out EUR/USD signals.
NOTE!
Signals may differ on different timeframes. If you want to hold the EUR/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
Best Broker Recommended for Trading EUR/USD
Suitable for those who want to earn a profit from price fluctuations.
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| Time GMT | Country | Macroeconomic Indicator | Previous Level | Forecast | Actual Level |
|---|---|---|---|---|---|
| 05:00 |
CNY
|
NBS Press Conference | |||
| 15:30 |
CAD
|
Foreign Securities Purchases | -8.78B | 3.51B | |
| 17:00 |
USD
|
CB Leading Index | 102.4, -0.3%, -0.3% | ||
| 20:00 |
USD
|
Baker Hughes U.S. Rig Count | 603 | ||
| 01:45 |
NZD
|
Producer Price Index | 0.9%, 0.7% | 0.6%, 0.5% | 0.7%, 0.9% |
| 04:30 |
CNY
|
New Home Prices | -0.34%, -2.20% | -0.58%, -3.10% | |
| 05:00 |
CNY
|
Industrial Production | 4.5%, 6.1% | 5.5%, 5.9% | 6.7%, 6.3% |
| 05:00 |
CNY
|
Retail Sales | 3.1%, 4.7% | 3.7%, 4.6% | 2.3%, 4.1% |
| 05:00 |
CNY
|
Unemployment Rate | 5.2% | 5.2% | 5.0% |
| 05:00 |
CNY
|
Fixed Asset Investment | 4.5% | 4.6% | 4.2% |
| 12:00 |
EUR
|
Consumer Price Index - Core | 2.7% | 2.7% | 2.7% |
| 12:00 |
EUR
|
Consumer Price Index | 2.4% | 2.4% | 2.4% |
The USA and Europe are the largest open economies in the world. The two regions have close trade ties that determine the equilibrium of the balance of payments. Both regions are interested in maintaining a certain corridor of the price for supporting both importers and exporters. A strong drawdown of euro in recent months can be explained by two factors: internal problems of certain EU countries (high public debt, issues of the banking systems in Italy and Spain), as well as high dependence of the EU on the energies, which the Euro zone is experiencing problems with due to the geopolitical conflict.
Key factors impacting the EUR/USD price:
Macroeconomic statistics. The discount rate, inflation, level of unemployment, quantitative easing policy, public debt, etc. Releases of statements of central banks’ representatives, and information about the prospects of the monetary policy have a short-term impact.
Value of other assets. EUR/USD is seen by the US traders as a speculative asset. When the US stock indices are moving upwards, the money moves from the US dollar to the stock market.
Trade wars. Particularly the ongoing economic and political confrontation between the U.S. and China. Introduction of duties, sanctions between these two countries impacts the level of the U.S. import and export and therefore impacts the USD price. The EU is not involved in the trade wars.
Price of energy resources. The oil and gas price has an indirect impact on the price. The U.S. is one of the largest oil importers. At the same time, the country has plenty of its own resources unlike the energy-dependent Europe.
Institutional investors have a short-term impact on the price of the currencies.
Indicator-based tool in this article can reveal the current strength or weakness of EURUSD. However, it's important to note that while these analyses provide valuable insights, they cannot offer 100% predictions due to the multitude of factors influencing currency prices, such as economic data, geopolitical events, and market sentiment.
To trade EURUSD with news effectively, first, stay updated on economic indicators and geopolitical events that influence EURUSD prices. Assess market sentiment surrounding the news and use technical analysis to identify entry and exit points. Implement sound risk management strategies and be prepared to act swiftly during major announcements to optimize trading outcomes. All these news, indicators and price analysis you can find on this page.
Many analysts believe that the dollar may have a fundamental advantage over the euro, citing the stronger growth potential and overall health of the US economy. To understand whether EURUSD is bullish or bearish currently, this page offers two indicator-based tools that signal the prevailing market sentiment. Utilizing these tools, traders can assess bullish or bearish behavior based on their chosen timeframe.
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
Index in trading is the measure of the performance of a group of stocks, which can include the assets and securities in it.
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
