The European Currency against the United States Dollar (€/$) –Nickname ‘Fiber’

EURUSD ANALYSIS

The European Currency against the United States Dollar (€/$) –Nickname ‘Fiber’

CENTRAL BANK

ECB

FED

FOREIGN CURRENCY RESERVES

51.373 Million USD

41.901 Million USD

 

EURUSD Preface:

EURUSD is the most liquid pair worldwide. Almost all Forex brokers offer EURUSD at their lowest available spreads (Bid/Ask) and that makes this pair ideal for Forex scalping and algorithmic trading. Additionally, there are many Expert Advisors that trade exclusively EURUSD. Historically, EURUSD is fluctuating in a general range between €/$=0.80 and €/$=1.60. In addition, there is a positive historic correlation between EURUSD and GBPUSD. On the other hand, there is a negative correlation between EURUSD and USDCHF.

 

EURUSD Monthly Statistics:

These are the monthly average returns of EURUSD based on 15 years of daily data.

CALENDAR MONTH

AVERAGE MONTHLY RETURNS

TIMES (↑)

TIMES (↓)

AVERAGE DAILY VOLATILITY

JANUARY

-0.91%

6

9

0.899%

FEBRUARY

-0.13%

8

7

0.847%

MARCH

0.26%

7

8

0.833%

APRIL

0.76%

8

7

0.802%

MAY

-0.64%

6

9

0.884%

JUNE

0.65%

10

5

0.847%

JULY

-0.04%

6

9

0.780%

AUGUST

-0.50%

8

7

0.777%

SEPTEMBER

0.63%

8

7

0.865%

OCTOBER

-0.55%

7

8

0.871%

NOVEMBER

0.48%

8

7

0.869%

DECEMBER

1.69%

9

6

0.786%

 

Best Months to Trade the EURUSD:

()-LONG TRADES

According to data during 2000-2014 the best months to go long on EURUSD are:

→ DECEMBER, with positive average returns +1.69%

→ APRIL, with positive average returns +0.76%

→ JUNE, with positive average returns +0.65%

→ SEPTEMBER, with positive average returns +0.63%

()-SHORT TRADES

According to 2000-2014 data the best months to go short on EURUSD are:

→ JANUARY, with negative average returns -0.91%

→ MAY, with negative average returns -0.64%

→ OCTOBER, with negative average returns -0.55%

→ AUGUST, with negative average returns -0.50%

 

EURUSD Monthly Statistics Chart:

This is the EURUSD Monthly Performance Chart.

Chart: EURUSD Average Returns (%) per Calendar Month

Explanation:

-The Blue Line corresponds to the average EURUSD returns for each calendar month.

-The Green Line corresponds to the number of Bullish (↑) and Bearish (↓) calendar months: For drawing the Green Line, the following formula was applied:

  • {(Number of Bullish Months – Number of Bearish Months) / Total Number of Periods} / 100

Most Volatile Days of the Week to Trade the EURUSD

These are the most volatile days to trade EURUSD based on the average pip range of each day of the week.

Monday

Tuesday

Wednesday

Thursday

Friday

110 pips

140 pips

135 pips

145 pips

140 pips

 

Best Intraday Times to Trade the EURUSD:

The best time to trade EURUSD is when London and New York are open simultaneously. This overlap occurs between 13.00 GMT and 14.00 GMT or else 8.00 EST to 11 EST (Check the Forex Market Hours in the following graph).

 

Forex Brokers and EURUSD Trading

These are some EURUSD Forex Brokers.

FOREX BROKER

EURUSD SPREADS

EURUSD SWAPS

PLATFORMS

ACCOUNT

INFORMATION

» HOTFOREX

REGULATED BY:

FCA UK, CySEC, MiFID

US TRADERS: NO

EURUSD SPREADS:

1.4 pips Fixed 

LONG (↑)

$ -0.54

SHORT (↓)

$ -0.17

□ MetaTrader4

□ WebTrader

SCALPING: YES

$50 Minimum Deposit Amount

WELCOME BONUS:

40-100%

WEB-SITE:

Visit HotForex

REVIEW:

Review

» XM

REGULATED: FSA UK, CySEC, ASIC, MiFID

US TRADERS: NO

EURUSD SPREADS:

1.8 pips

LONG (↑)

$ -0.80

SHORT (↓)

$ +0.16

□ Web Trader

□ MirrorTrader

□ MetaTrader4

SCALPING: YES

$50 minimum deposit

WELCOME BONUS:

40-100%

WEB-SITE:

Visit XM

REVIEW:

Review

» FXCC

REGULATED: FCA UK

US TRADERS: NO

EURUSD SPREADS:

1.4 pips typical plus commissions 0.6 pips/lot

LONG (↑)

$ -0.67

SHORT (↓)

$ -0.02

□ MetaTrader4

□ Sirix WebTrader

SCALPING: YES

$100 Minimum Deposit Amount

WELCOME BONUS:

30-100%

WEB-SITE:

Visit FXCC

REVIEW:

Review

» IC MARKETS

REGULATED BY:

ASIC (Australia)

US TRADERS: NO

 

EURUSD SPREADS:

1.0-1.1 pip

LONG (↑)

$ -0.51

SHORT (↓)

$ +0.22

□ MetaTrader4

□ cTrader

SCALPING: YES

$200 Minimum Deposit Amount

WELCOME BONUS:

0%

WEB-SITE:

Visit IC Markets

REVIEW:

Review

 

PAIRS: » GBPUSD | » USDJPY | » USDCAD | » EURGBP | » EURJPY | » AUDUSD | » NZDUSD

 

EURUSD ANALYSIS

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