Euro Dollar Exchange Rate – EUR/USD | Data | Chart | Calendar
CURRENCY INVESTORS Euro Dollar Exchange Opens The EURUSD decreased 0.0005 or 0.04% to 1.1524 on Thursday July 20 from 1.1529 in the previous trading session. Historically, the Euro Dollar Exchange Rate – EUR/USD reached an all time high of 1.87 in July of 1973 and a record low of 0.70 in February of 1985. The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies.
A temporary top is in place at 1.1582 in EUR/USD. Intraday bias is turned neutral first for some consolidations. But overall, outlook will remain bullish as long as 1.1312 support holds. Above 1.1582 will target 1.1615 key resistance. Decisive break there will pave the way to 1.2 handle next.
In the bigger picture, the firm break of 1.1298 resistance further affirm medium term reversal. That is, an important bottom was formed at 1.0339 on bullish convergence condition in weekly MACD. Further rise would be seen to 55 month EMA (now at 1.1756). Sustained break there will pave the way to 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516 next. This will now remain the favored case as long as 1.1118 support holds.
Euro Dollar Exchange Opens
Euro Dollar Exchange Rate – EUR/USD
|1.15||1.15||1.87||0.70||1957 – 2017||Daily|