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

PLATFORMS

ACCOUNT

INFORMATION

 

» AXI TRADING

REGULATED BY:

ASIC (Australia)

FCA UK

US TRADERS: NO

EURUSD SPREADS:

0.1 pip on Raw Spread Account & $7 per lot commissions

 

□ MetaTrader-4

□ MetaTrader-4 WEB

SCALPING: YES

FREE VPS: YES

PAMM ACCOUNT: YES

$20 Minimum Deposit Amount

30:1 and up to 500:1 Leverage

WEB-SITE:

► AXI Trading

REVIEW:

► Review

» LQDFX

REGULATED: (N/A)

US TRADERS: NO

EURUSD SPREADS:

1.1 pip without trading commissions

There are also RAW spread accounts

□ MetaTrader-4

SCALPING: YES

FREE VPS: NO

PAMM ACCOUNT: NO

$20 Minimum Deposit Amount

500:1 Leverage

WEB-SITE:

Visit LQDFX

REVIEW:

Review LQDFX

» IC MARKETS

REGULATED BY:

ASIC (Australia)

US TRADERS: NO

 

EURUSD SPREADS:

0.0 pip on Raw Spread Account & $7 per lot commissions

1.0 pip on Standard Account without trading commissions

□ MetaTrader-4

□ MetaTrader-5

□ cTrader

SCALPING: YES

FREE VPS: YES

PAMM ACCOUNT: YES

$200 Minimum Deposit Amount

500:1 Leverage

WEB-SITE:

Visit IC Markets

REVIEW:

Review

 

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

 

EURUSD ANALYSIS

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