Table of Contents
EURUSD Live Chart
How much is a euro in dollars?
EURUSD support and resistance
EURUSD technical analysis
Below is presented EURUSD technical analysis for short and long-term time frames using eight major technical indicators:
Euro Dollar Exchange Rate (EUR USD) – Euro to Dollar History
Below is presented EURUSD long term position price chart:
EURUSD Exchange Rate Table
|Year||EURUSD Average Closing Price||Year Open||Year High||Year Low||Year Close||Annual% Change|
|Euro to Dollar History 2021||1.2||1.21||1.23||1.17||1.17||-0.0391|
|Euro to Dollar History 2020||1.14||1.12||1.23||1.07||1.22||0.0886|
|Euro to Dollar History 2019||1.12||1.15||1.15||1.09||1.12||-0.0226|
|Euro to Dollar History 2018||1.18||1.2||1.25||1.12||1.15||-0.0436|
|Euro to Dollar History 2017||1.13||1.05||1.2||1.04||1.2||0.1415|
|Euro to Dollar History 2016||1.11||1.09||1.15||1.04||1.05||-0.0318|
|Euro to Dollar History 2015||1.11||1.2||1.2||1.05||1.09||-0.1021|
|Euro to Dollar History 2014||1.33||1.37||1.39||1.21||1.21||-0.1202|
|Euro to Dollar History 2013||1.33||1.32||1.38||1.28||1.38||0.0426|
|Euro to Dollar History 2012||1.29||1.3||1.35||1.21||1.32||0.0192|
|Euro to Dollar History 2011||1.39||1.34||1.48||1.29||1.29||-0.032|
|Euro to Dollar History 2010||1.33||1.44||1.45||1.19||1.34||-0.0666|
|Euro to Dollar History 2009||1.39||1.39||1.51||1.25||1.43||0.0247|
|Euro to Dollar History 2008||1.47||1.47||1.6||1.25||1.4||-0.0419|
|Euro to Dollar History 2007||1.37||1.32||1.49||1.29||1.46||0.1052|
|Euro to Dollar History 2006||1.26||1.2||1.33||1.18||1.32||0.1143|
|Euro to Dollar History 2005||1.24||1.35||1.35||1.17||1.18||-0.1259|
|Euro to Dollar History 2004||1.24||1.26||1.36||1.18||1.36||0.0761|
|Euro to Dollar History 2003||1.13||1.04||1.26||1.04||1.26||0.2009|
|Euro to Dollar History 2002||0.95||0.9||1.05||0.86||1.05||0.1786|
|Euro to Dollar History 2001||0.9||0.95||0.96||0.84||0.89||-0.0556|
|Euro to Dollar History 2000||0.92||1.01||1.03||0.83||0.94||-0.066|
EURUSD Price Prediction – Will EURUSD go down?
EURUSD price prediction for 2022 shows a price range between 1.14 and 1.24. Currently, the monthly chart shows a possible bearish direction in the next several months. However, EUR can rise in December 2021. and enter in a new small bullish cycle in January 2022.
History of Euro
The Euro (symbol: €) is the official currency of the European Union. This currency is used by 337 million citizens of 19 countries of the Eurozone.
EUR is officially used by the institutions of the European Union and four other European countries. The Euro is the second-largest reserve currency and the second most widely used currency after the US dollar.
The name euro was officially adopted on December 16, 1995, in Madrid. The Euro was introduced to the world financial market as an accounting currency on January 1, 1999, replacing the former European Currency Unit (ECU) with a 1: 1 ratio (the US $ 1.1743). Physical banknotes and coins of the Euro entered circulation on January 1, 2002, making it the currency in everyday use of its original member states. By May 2002, the Euro had completely replaced the former currencies.
When did EURUSD start trading?
Modern EURUSD trading started on January 1, 1999, when EUR replaced the former European Currency Unit (ECU) with a 1:1 ratio.
Since late 2009, the Euro has sunk into a European debt crisis, leading to the European Financial Stability Facility and other reforms to stabilize the currency. In July 2012, the Euro fell below 1.21, the US dollar for the first time in two years, due to concerns about Greek debt and Spain’s troubled banking sector.
The Economic and Monetary Union (EMU) is the most significant type of monetary reorganization in Europe since the Roman Empire. Although the introduction of the Euro can be seen simply as a way to improve the Common European Market and support free trade among Eurozone members, the Euro is also an essential part of the European Political Integration Project. The Euro is managed by the European System of Central Banks (ESCB), consisting of the European Central Bank (ECB) and the Eurozone central banks that govern the countries. The ECB, based in Frankfurt am Main, Germany has the exclusive power to establish monetary policy; other ESCB members participate in the printing, minting, and distribution of banknotes and coins and in the operation of the Eurozone payment system.
What are the key drivers of the EURUSD pair?
The key drivers for the EURUSD pair are government policies and the economics of demand and supply in currency markets. For example, EURUSD’s key drivers are EUR interest rate, USD interest rate, US NFP, US CPI, EUR CPI, US PPI, US INDPROD, EUR INDPROD, etc. It would help if you watched high-impact economic drivers on the economic calendar.
What usually happens to EURUSD when the Fed raises rates?
When the Fed raises rates, borrowing money becomes more expensive, and higher rates tend to slow lending and the economy. Because of that, when the interest rate rises, the dollar tends to be stronger, and the EURUSD price decreases. Generally, higher interest rates increase the value of any country’s currency.
How to find a daily range of EURUSD?
A daily range of EURUSD represents the distance in pips from highest high during the day and lowest low during the day. The easiest way to find a daily range is to add the ATR (Average True Range) indicator and watch the daily chart. ATR will show you a daily range for each forex pair. For example, 0.071 ATR means 71 pips daily range.
How many pips does EURUSD move daily?
The average daily range for EURUSD in 2020. was 74 pips, the highest daily degree was 332 pips (March 19. 2020.), and the lowest daily range was only 17 pips. As a result, EURUSD, the most heavily traded currency pair globally, had an average daily movement from 70 pips.
How much is one pip in EURUSD?
To calculate pips on EURUSD, you need to remember that the 0.0001 difference in price is one pip. So if the EURUSD price gain from 1.3001 to 1.3002, it is a one pip gain.
How much is one lot of EURUSD?
One lot of EURUSD is worth 100,000 base units. In simple words, if you buy one lot EURUSD and the price goes 10 pips from 1.3001 to 1.3011, then you will make a profit of $100. Thus, one EURUSD pip is worth $10 when you trade with lots.
How much is one mini lot of EURUSD?
One mini lot of EURUSD is worth 10,000 base units. In simple words, if you buy 1 mini lot EURUSD and the price goes 10 pips from 1.3001 to 1.3011, then you will make a profit of $10. Therefore, one EURUSD pip is worth $1 when you trade with mini lots.
How much is one micro lot of EURUSD?
One micro-lot of EURUSD is worth 1,000 base units. In simple words, if you buy 1 micro lot EURUSD and the price goes 10 pips from 1.3001 to 1.3011, then you will make a profit of $1. One EURUSD pip is worth $0.1 when you trade with mini lots.
How to trade EURUSD?
To trade EURUSD, you need to have a trading broker, to make technical and fundamental analyses, define risk, determine the stop loss price value and target price. There is no simple strategy that can provide you with success in EURUSD trading. However, short-term or long-term analysis can help you to decide when to enter into trade.
Please read our articles to learn more about technical analysis, fundamental analysis, and Predict Forex Movement. To read more about available forex brokers, read our article.
What is causing the EURUSD to move higher?
EURUSD moves higher if more people want to buy a EUR or sell USD than vice versa. However, traders decide to buy or sell based on the current market price on the chart and current price patterns (technical analysis) and, of course, based on economic news and financial reports (fundamental analysis).
What is the margin used for 100 000 EURUSD?
You will need $1000 as a margin if you want to trade 100 000 EURUSD and your leverage is 1:100 (1% margin). However, if your leverage is 1:50, you will need a 2% margin, and if you have 1:200 leverage, you will need a 0.5% margin.
Can USDJPY and EURUSD both go in the same direction?
Yes, in some moments, USDJPY and EURUSD can be correlated and go in the same direction when USD has a low impact (range), and JPY and EUR are in opposite directions. However, most of the time, EURUSD and USDJPY are not correlated because EUR and JPY are inversely proportional to USD.
Do EURUSD and GBPUSD follow each other?
Yes, EURUSD and GBPUSD are usually correlated and go in the same direction because in both cases EUR price or GBP price we divide with USD price. However, in some moments, when we have a strong EUR or GBP trend and low USD impact, EURUSD and GBPUSD will not be correlated.
Do you pay swap on EURUSD?
Yes, you pay swap rate as the interest rate differential between the EURUSD currency pair traded. Usually, a swap is an interest fee paid or charged to you at the end of each trading day. Your broker will charge a tiny commission for a EURUSD trade that you keep open overnight.
How was Elliott’s wave theory used to predict EURUSD?
Elliott’s wave theory can be used on the EURUSD chart to mark long-term movements. But, first, you need to define five waves on the chart and mark impulse waves and corrective waves that can help you make future price projections.
What is the ETF for trading EURUSD?
The most famous ETFs for trading EURUSD are Invesco CurrencyShares Euro Trust FXE and ProShares Short Euro EUFX.