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EURUSD EUR/USD
Euro to US Dollar
Euro to US Dollar
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After a 4.5% surge in early March, EURUSD has stalled over the past two weeks, struggling to maintain upward momentum. The pair repeatedly tested the resistance of the uptrend before losing strength. On Monday, it broke below the support of its recent consolidation range, dropping to 1.07810 and signaling the start of a downside correction towards 1.06000. This move has eased overbought pressures and introduced more volatility, but further correction is likely.
A short position could be considered if the pair rises above 1.08500, targeting a decline to 1.05500–1.06000, where the March rally began. This zone aligns with the uptrend’s key support and should be retested. A stop-loss could be placed at 1.11000 to manage risk.
Euro to US Dollar
- The pair has the highest liquidity in the market and a vast number of trads are made with the pair. So, its movements largely indicates the behavior of the currency market in general. The pair is the easiest for technical analysis as it mostly follows the rules of it;
- The pair is likely the first one that every novice will meet during his/her first days in trading;
- Brokers usually have the lowest or zero trading fees on the pair. Brokers sometime give positive swaps on the pair, so a trader may make some money while keeping it for the longer term, and getting the profit on positive swap;
- The U.S. Dollar, or Greenback, is the leading currency in this pair, so it has the most influence on its movements. So, factors affecting the U.S. Dollar should be especially highlighted during technical and fundamental analysis of the pair;
- The EUR/USD is largely driven by two major economies and actions of the two largest central banks – The Federal Reserve (Fed) and European Central Bank (ECB). So, a trader should be focusing on macroeconomic data for both economies, including GDP, Consumer Price index (CPI), labour market indications, and statements of the central bank officials with a focus on the top officials of the Fed and ECB;
- U.S. 10-year Treasuries yields to German 10-year Bund ration is an indication of the strength of either currency. The higher the value, the stronger the Dollar;
- EUR/USD has a strong correlation with other European currencies, like the British Pound to the U.S. Dollar (GBP/USD) or the U.S. Dollar to the Swiss Franc (USD/CHF), and with cross rates of the Euro to other currencies. The pair has a strong exposure to USD/JPY, USD/CAD, and some other currency pairs.
Ticker | EURUSD EUR/USD |
Contract value | 100000 EUR |
Maximum leverage | 1:500 |
Date | Short Swap (pips) | Long Swap (pips) | No data |
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Minimum transaction volume | 0.01 lot |
Maximum transaction volume | 70 lots |
Hedging margin | 50% |
USD Exposure | Max Leverage Applied | Floating Margin |
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