Last Updated (Tuesday, 07 May 2013 02:37) GMT

EUR/USD Analysis

EUR/USD Daily And Hourly Charts

EUR/USD Hourly Chart

EUR/USD technical analysis

EUR/USD Daily Chart

EUR/USD daily analysis

The analysis for EURUSD is updated daily. Please check the update time at the top before taking any action.

Euro - US Dollar (EUR/USD) Technical Analysis

EUR/USD Current Exchange Rate: 1.3127 (at the time of analysis update).

Outlook:Short-term (immediate/next): Up Volatile sideways. Mid-Term (First/next): Volatile sideways/Down.

EUR/USD Analysis ( May 7, 2013): Good resistance is expected below 1.3142. Even if that resistance is broken another stronger resistance should come near 1.3160 and a fall should come but there is no good trade configuration considering the risk-reward ratio and hence we are not taking any position.

Previous Analysis ( May 3, 2013): Because of the lack of any good trade configuration, we are keeping away.

Note 1: Please also take a look at EUR/USD forecast for mid-term trading approach updated on the weekends for EURUSD.

Note 2: Please subscribe to the analysis newsletter so that we can send email alerts as soon as we update the the same.

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There can also be some news or some indications from technical indicators or chart patterns which may suggest some major moves. Please check and share such observations about EURUSD and other currency pairs in the Forex Alerts.

EUR/USD Interest Rate Comparison
(For Carry Trade)
EUR interest rate
0.50%
USD interest rate
0.25%
eur/usd interest rate comparision
0.25%

 

EUR/USD Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Last Updated (Friday, 24 May 2013 02:55) GMT

Standard Pivot Point for EUR/USD Fibonacci Pivot Point for EUR/USD Woodie Pivot Point for EUR/USD Camarilla Pivot Point for EUR/USD
R3 1.3109 R3 1.3033     R3 1.2953
R2 1.3033 R2 1.2981 R2 1.3037 R2 1.2941
R1 1.2974 R1 1.2949 R1 1.2984 R1 1.2928
Pivot 1.2898 Pivot 1.2898 Pivot 1.2902 Pivot 1.2898
S1 1.2839 S1 1.2846 S1 1.2849 S1 1.2904
S2 1.2763 S2 1.2814 S2 1.2767 S2 1.2891
S3 1.2704 S3 1.2763     S3 1.2879
Open 1.2842 Open 1.2842 Open 1.2842 Open 1.2842
High 1.2956 High 1.2956 High 1.2956 High 1.2956
Low 1.2821 Low 1.2821 Low 1.2821 Low 1.2821
Close 1.2916 Close 1.2916 Close 1.2916 Close 1.2916

 

EUR/USD's Correlations with other currency majors

EUR/USD Correlation Values:
 
EUR /USD
P
e
r
i
o
d
E
U
R
/
U
S
D
AUD
/USD
EUR
/CHF
EUR
/GBP
EUR
/JPY
GBP
/USD
NZD
/USD
USD
/CAD
USD
/CHF
USD
/JPY
1
W
e
e
k
1 0.06 -0.23 0.37 -0.15 0.36 -0.07 -0.82 -0.86 -0.57
1
M
o
n
t
h
1 0.34 0.24 0.13 0.79 0.35 0.83 -0.54 -0.5 0.56
1
Y
e
a
r
1 0.4 0.7 0.68 0.75 0.31 0.69 -0.31 -0.95 0.58
 
EUR/USD Correlation Graph:
 
0.06
   
0.4
   
   
0.7
   
0.37
   
0.68
   
 
-0.15
   
0.75
   
 
0.36
   
0.31
   
 
-0.07
   
0.69
   
 
-0.82
   
   
 
   
   
-0.57
   
0.58
   
   
   
 
   
0.23
   
 
   
   
 
   
   
 
   
   
 
   
   
 
   
   
0.31
 
   
0.86
   
0.95
 
   
   

Please check the Current EUR/USD Exchange Rate

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