Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

EUR/USD: as low as three years ago

EUR/USD: as low as three years ago

Information is not investment advice

Key indicators

Performance in 2020: -2.6%

Last day range: 1.0862-1.0923

52-week range: 1.0862-1.1338

Where does the support level come from?

It comes from spring 2017, almost three years ago. That’s how low the EUR/USD trades now. Therefore, if things keep going as they do now for this currency pair, you will have to hang your support levels in the “emptiness downstairs”. Unless you prefer looking at a weekly timeframe.

EURUSDDaily.png

Why so bad?

The realistic answer to this question is that there are no solid factors to support the euro. In the meantime, those against it are numerous. Weak domestics growth in the Eurozone, questionable monetary policy line on behalf of the ECB, gloomy perspective of the outcome of the Brexit transition period, a significant probability of trade tensions with the US – you name it. The USD, on the contrary, has an 11-year continuous expansion of the American economy, strong labor indicators, notable resilience of the stock market even despite the Coronavirus, and justified actions of the Fed as presented by Jerome Powell this week. As you can see, it is little surprise that the EUR/USD has dropped to where it has not been for the last three years. And there is a high likelihood that we are yet to see it further down.

Technical levels

Resistance 1.0923

Support 1.0840

                                                                           

Similar

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Bitcoin Skyrockets Ahead of ETH Merge and US CPI Release

First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later