Euro to Dollar Price – EUR/USD Forex Chart

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This page features up-to-date data on the current price of the euro/dollar currency pair on Forex. This information will be useful to those who monitor the price dynamics in real-time and trade this pair. Notably,the movement of the EUR/USD pair is subject to all the rules of technical analysis, that is, a trader can predict the growth/decline in quotes using certain trading tools (main lines, technical analysis figures, and trading indicators).


The EUR/USD currency pair is recognized as one of the most popular pairs on the world stage. According to most traders, this is the most liquid pair. Euro is administered and issued by the European Central Bank (ECB), and the right to issue the US dollar is owned by the Fed (Federal Reserve System), which performs the function of the central bank in the United States of America.

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EUR/USD forecast for different timeframes

The EUR/USD price forecast is given based on a technical analysis of moving averages and indicators for each timeframe (interval) separately. Choose the interval that suits you.

NOTE!

Signals may differ on different timeframes. If you want to hold a position for more than a week, it is preferable that you use signals on the daily and weekly timeframes. For short-term trades, timeframes from 5 minutes to 1 hour are better suited.

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Euro to USD Rate | Expert Summary

Euro/US Dollar is the top currency pair by trading volume in the Forex market – it accounts for around 28% of the total trading volume. In the next several years the EUR/USD pair will maintain its leading role, as these currencies represent the two largest regions of the world economy-wise – Eurozone and the U.S. Maybe, you are also interested in interesting facts about trading Euro in the Forex market.


Traders who believe liquidity is important prefer to trade EUR/USD. According to a survey conducted by the TU experts, 67% of successful traders prefer to trade major currency pairs. It is not surprising that top Forex brokers offer some of the lowest spreads on the EUR/USD pair, often starting from 0 pips.


The EUR/USD pair is also an excellent choice for trading with expert advisors. Liquidity often plays a decisive role in the automated systems, as it allows you to avoid losses from drawdowns and gaps.


Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

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FAQs

Why do recommendations for the euro/dollar price differ for different timeframes?

This situation may arise because the signals are based on the dynamics of moving averages and other indicators for technical analysis for each timeframe separately. It is quite possible that long timeframes can show one direction, and short ones the opposite.

What is the best timeframe to trade EUR/USD?

It all depends on the trader’s trading strategy. Traders who trade intraday most often use timeframes from 5 minutes to 1 hour. For medium and long-term trading, it is preferable to use timeframes from 5 hours to 1 week.

What impacts the EUR/USD price?

The Forex exchange rates change under the influence of various economic factors. T here is the monetary policy of the central bank, the level of inflation, GDP, and unemployment.

Will the EUR/USD price reach parity?

There are some long-term forecasts that point to this possibility. This is due to stronger growth in the US economy in recent years compared to the economic growth in the euro market. However, keep in mind that various surprises are possible on Forex, which can change the power balance between bulls and bears.