Eurodollar Regains Its Bullish Mojo
Eurodollar regains its bullish mojo in recent sessions. Buying pressure returns. Price pushes higher with conviction. This shifts sentiment from bearish to optimistic on EUR/USD.
At last Thursday’s ECB press conference, it was enough for Mario Draghi to hint at further QE for the eurodollar to sell off sharply, taking the pair from a high of 1.1243 to a low of 1.1087/96. This support platform was tested again on Friday as a degree of buying for the pair stepped in ahead of the Labor Day holiday in the US and Canada.
Starting The Week
And whilst the start of this week has seen relatively muted price action for eurodollar given Monday’s holiday, the tone of this action has been overall bullish with each session threatening to take the pair through and away the volume point of control in the 1.1200 price region. This has materialised in today’s trading session which has seen eurodollar move from a low of 1.1171 to trade, at time of writing at 1.1278. The 1.1171 low also coincided with the `100 ma which has also added its own impetus.
However, the groundwork for today’s move higher was laid during yesterday’s session where the day’s candle ended with a deep lower wick and reasonable volume, suggesting a push higher was likely to occur.
Moving forward for eurodollar to continue to maintain this bullish tone it is the resistance in the 1.1295 region which needs to be breached on strong and rising volume. Short term there is no reason why the pair cannot go through this level, and on to test the 1.1332 price point as the move is also reflected on the 4hr currency strengh indicator where the euro still has some way to travel higher, while the US dollar is currently moving lower.
Volume Price Analysis Confirmation
Volume price analysis (VPA) confirms the regain. Rising prices with increasing volume show buying conviction. Earlier weakness fades on low volume bounces. Quantum Trend Monitor on MT5 or NinjaTrader stays aligned, supporting longs.
Trading Implications
Bullish mojo favors long positions. Pullbacks to support offer entries. Watch for continuation on volume spikes. Anna Coulling’s VPA approach with Quantum tools helps ride the renewed momentum confidently.
Eurodollar’s bullish regain creates opportunities. Quantum indicators make spotting and trading the shift reliable. Stay with the volume for consistent results.
Best EUR/USD Spreads and Commission Plans for Forex Traders
EUR/USD is the most traded forex pair. It offers high liquidity and tight spreads. Traders seek the lowest costs for better profitability. Spreads and commissions vary by broker type. Understanding them helps choose the right account.
What Are the Best Spreads on EUR/USD?
EUR/USD typically has the tightest spreads in forex. During high-liquidity sessions (London/NY overlap):
- Raw/ECN Accounts: 0.0-0.1 pips average (often sub-0.1 during peak hours).
- Standard Accounts: 0.5-1.0 pips.
- Zero Spread Accounts: Fixed 0.0 pips (but with commission).
The “best” realistic spread for retail traders is 0.0-0.2 pips on ECN/raw accounts from top brokers. This is achievable with volume price analysis (VPA)—high volume sessions confirm low-cost execution.
Quantum tools on MT5 or NinjaTrader help time trades for optimal spreads.
Different Types of Commission Plans
Brokers offer various structures. Choose based on trading style:
- Spread-Only (No Commission):
- Broker marks up spread (e.g., 1-2 pips on EUR/USD).
- Simple, no separate fees.
- Best for: Beginners or low-frequency traders.
- Drawback: Higher effective cost on tight pairs.
- Commission-Based (ECN/STP/Raw Spread):
- Near-zero spread + fixed commission per lot (e.g., $3-7 round-turn per standard lot).
- Transparent—see interbank rates.
- Best for: High-volume or scalping traders (costs drop with volume).
- Hybrid or Zero Spread:
- Fixed zero spread + higher commission.
- Predictable costs.
- Best for: News trading or precise entries.
- Volume Discounts/Rebates:
- Some brokers reduce commission or rebate for high volume.
- Best for: Active day traders.
Tips for New Traders
Start with demo accounts to test spreads/commissions. Focus on regulated brokers. VPA confirms low-cost execution—high volume moves minimize slippage.
EUR/USD’s tight spreads make it ideal for testing plans. Quantum indicators enhance timing across accounts.
Choose the plan matching your volume and style. Low spreads/commissions with VPA deliver consistent edge.
By Anna Coulling