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EUR (Euro)

The Euro is the 2nd most popular reserve currency in the world, behind only the US Dollar; and it is also the 2nd most commonly traded currency in the world. In March of 2013, with nearly €920 Billion in circulation, the EUR became the most circulated currency in the world.

EUR News and Analysis

EURJPY Rebound to Offer Short Entries Ahead of ECB- 137.50 Critical
The EURJPY reversal is now approaching key structural support with the short bias at risk near-term. Here are the updated targets & invalidation levels that matter.
US Dollar Once Again in Control versus British Pound, Gold Prices
The US Dollar looks likely to resume its uptrend versus the British Pound and Gold. Here are the factors we’re watching.
Euro Forecast was Accurate Last Week, but now what?
Retail FX traders were recently the most net-short the Euro versus the US Dollar since it traded to $1.40 through May, 2014, and a contrarian view of crowd sentiment kept us stead...
EUR/USD August Rally to Erode Further on Upbeat 2Q US GDP
The near-term advance in EUR/USD may continue to unravel should the preliminary 2Q U.S. GDP report highlight a stronger recovery & boost interest rate expectations.
EUR/GBP Technical Analysis: Short Trade Setup Sought
EUR/JPY Technical Analysis: Down Trend May Be Resuming
No, the Euro has not Suddenly Become a Safe-Haven Currency
The Euro has rallied sharply amidst dramatic declines in the US S&P 500 and broader financial markets. Is it suddenly a ‘safe haven’ currency? No.
EUR/USD Bullish Setup to Shine on Weak US Durable Goods Orders
A marked decline in demand for U.S. Durable Goods may spur a near-term advance in EUR/USD as it dampens bets for a Fed rate hike at the September 17 decision.
Euro, Yen Drop as China Stimulus Lifts Market Spirits. Will it Last?
The Euro and the Japanese Yen fell as news of a boost to Chinese stimulus efforts lifted risk appetite but investors’ chipper mood may prove fleeting.
EUR/USD Pulls Back after Breakout

Euro Trading Forecast

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Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Fri
Aug 28
12:00
EUR German Consumer Price Index (YoY) (AUG P) 0.1% 0.2%
12:00
EUR German Consumer Price Index - EU Harmonised (YoY) (AUG P) 0.1% 0.1%

The Euro is the official currency of the Eurozone, which consists of 17 of the 28 member states of the European Union. An additional five European countries employ the Euro, and 175 Million people use currencies pegged to the Euro for a total of over 500,000,000 using Euros or Euro-pegged currencies.


The Euro came into existence on January 1, 1999 as an accounting currency; and entered circulation on January 1, 2002. Since then, it has experienced quite the ride facing a low of .8252 against the US Dollar and a high of 1.6038.


The 2009 European Debt Crisis has brought considerable volatility to currency markets, especially the Euro. Continuing economic concerns in Eurozone nations such as Spain, Portugal, Greece, Italy, and Ireland make for a very opaque picture of future prospects in the Super-National economy. The European Central Bank is tasked with the prospect of managing monetary policy for the 17 member states, which can often present conflicting economic data points.


The large roles of Germany, France, Italy, and Spain mean that these economies can carry a heightened importance in the trading activity of the currency.