Euro Dollar forecast & technical analysis EURUSD continued growth jan 16 EUR is trading at 1.2272 against the USD the pair traded at a high of 1.2296 and a low of 1.2188 expected to its find support at 1.1839 EURUSD continued growth – German consumer prices are expected to increase by 1.7 percent year-on-year in December […]
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eurusd This is the most popular currency pair in the world, representing the world’s two largest economies. The Euro was created to facilitate cross-border trade of European trading partners. Since its inception in 1999, the pair has faced considerable volatility as the world has faced multiple events of volatility such as the tech boom becoming the tech bust, the real estate bubble, and the European Debt Crisis which still has yet to find long-term resolution.
All forex trades involve the simultaneous purchase of one currency and sale of another, but the currency pair itself can be thought of as a single unit, an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and implicitly sell the quoted currency. The bid (buy price) represents how much of the quote currency you need to get one unit of the base currency. Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. The ask (sell price) for the currency pair represents how much you will get in the quote currency for selling one unit of base currency.
For example, if the USD/EUR currency pair is quoted as being USD/EUR = 1.5 and you purchase the pair, this means that for every 1.5 euros that you sell, you purchase (receive) $1 in U.S. currency. If you sold the currency pair, you would receive 1.5 euros for every $1 you sell. The inverse of the currency quote is EUR/USD, and the corresponding price would be EUR/USD= 0.667, meaning that 66.7 cents in U.S. currency would buy 1 euro.
Euro Dollar forecast EURUSD marginally Higher jan 12 EUR is trading at 1.2143 against the USD the pair traded at a high of 1.2155 and a low of 1.2040. expected to its find support at 1.1732 EURUSD marginally Higher – The Euro Area trade surplus narrowed to EUR 18.9 billion in October 201 INSIGHTEURUSD marginally Higher This morning […]
Euro Dollar forecast EURUSD Edging Higher jan 11 EUR is trading at $1.2021 against the USD the pair traded at a high of 1.2057 and a low of 1.1930 expected to its find support at 1.1732 EURUSD Edging Higher – Industrial production in the Euro Area increased by 3.2 percent year-on-year in November 2017, INSIGHT EURUSD Edging Higher […]
Euro Dollar INSIGHT EURUSD Moved higher jan 11 EUR is trading at 1.1968 against the USD the pair traded at a high of 1.2018 and a low of 1.1923 expected to its find support at 1.1839 EURUSD Moved higher – The ECB held its benchmark refinancing rate at 0 percent on December 14th INSIGHT EURUSD Moved higher This […]
Euro Dollar INSIGHT EURUSD flat trend jan 9 EUR is trading at 1.1930 against the USD the pair traded at a high of 1.1976 and a low of 1.1916 expected to its find support at 1.1839 EURUSD flat trend – The ECB held its benchmark refinancing rate at 0 percent on December 14th INSIGHT EURUSD flat trend This […]