EURUSD

(Last Updated July 10, 2020)

Welcome to the news page for EURUSD (EURUSD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 90 and 14 day timeframes, we see an uptrend in place for EURUSD.

EURUSD Moving Averages

The moving averages on EURUSD indicate a trend that is clearly bullish.

The chart below illustrates.

As for assets in the Forex asset class EURUSD has been correlated to over the past week, it has demonstrated the strongest correlation with EURTRY. EURUSD has been most correlated with EURTRY over the past 14 days also, so this may be a recurring pattern. Alternatively, GBPAUD has been the asset least correlated with EURUSD — but over the past two weeks, EURCHF has been the asset least correlated with EURUSD. The chart below illustrates EURUSD against its least correlated assets.

.

The View From the Weekly Timeframe

At the time of this writing, EURUSD’s rate is up 0.0045 (0.4%) from the week prior. Moreover, note that this is the 3rd week in a row EURUSD has seen its price head up. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishess in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. EURUSD’s weekly price action over the past 52 weeks can be seen via the chart below.