EURUSD on the 4-hour chart
The EURUSD
EUR/USD
The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be
The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be
Read this Term pair experienced a decline in today's trading session, with its high price for the week coming in just short of last week's peak. This event coincides with notable swing areas dating back to late January. The recent high prices were observed on the 4-hour chart, with today's highest point at 1.0925 before retreating downwards.
The current trading session saw the price drop to 1.08635, dipping slightly below the low end of a significant swing area (between 1.0866 and 1.0886). As market participants await the release of PCE data, the EURUSD is trading at 1.0874. The anticipated month-to-month core PCE index increase is 0.4%, with the year-on-year figure remaining steady at 4.7%. Meanwhile, personal consumption and income are projected to rise by 0.3% and 0.2%, respectively.
In the short term, a further decline below the 1.0866 swing low could trigger additional bearish momentum. On the hourly chart below, the 100-hour moving average
Moving average
A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot
A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot
Read this Term (blue line) is situated at 1.08449, which has served as a support level during Tuesday and Wednesday's sessions. A fall below this average could prompt traders to shift their focus to the 200-hour moving average (green line). That moving average currently only comes in at 1.08237
It is worth noting that the price briefly dipped below the 200-hour moving average on March 20 and 24, only to rebound quickly and resume an upward trajectory. The last hourly bar to close below this level occurred on March 17. Be aware. A move below would put the sellers more in control.
On the topside today, a move back above 1.08868 would have traders looking again toward the swing high area between 1.0926 and 1.0939.
EURUSD on the hourly chart