EUR/USD

The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, behind only the US dollar. This currency pair is the most traded and liquid currency pair on the market.As the most popular trading pair, the EUR/USD is a staple of every brokerage offering and often has some of the lowest spreads relative to other pairs. Ultimately, the currency follows the two most economic blocs in the world and sees the most volume for this reason.The EUR/USD has a wide range of factors that influence its rates. From the EUR side, economic data in the Eurozone as well as internal factors in the bloc can easily impact rates. Even small member states can effectively weigh on the EUR, as seen in Greece during bailout talks in the 2010s. Alternatively, developments in the United States and the Federal Reserve commonly affect the EUR/USD. Many examples include the bailouts during the Financial crisis, tax cuts during the Trump Administration, and Covid-19 relief measures, among others.
The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, behind only the US dollar. This currency pair is the most traded and liquid currency pair on the market.As the most popular trading pair, the EUR/USD is a staple of every brokerage offering and often has some of the lowest spreads relative to other pairs. Ultimately, the currency follows the two most economic blocs in the world and sees the most volume for this reason.The EUR/USD has a wide range of factors that influence its rates. From the EUR side, economic data in the Eurozone as well as internal factors in the bloc can easily impact rates. Even small member states can effectively weigh on the EUR, as seen in Greece during bailout talks in the 2010s. Alternatively, developments in the United States and the Federal Reserve commonly affect the EUR/USD. Many examples include the bailouts during the Financial crisis, tax cuts during the Trump Administration, and Covid-19 relief measures, among others.

The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD).

The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars.

Why the EUR/USD is the Most Popular Trading Pair

Compared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, behind only the US dollar.

This currency pair is the most traded and liquid currency pair on the market.

As the most popular trading pair, the EUR/USD is a staple of every brokerage offering and often has some of the lowest spreads relative to other pairs.

Ultimately, the currency follows the two most economic blocs in the world and sees the most volume for this reason.

The EUR/USD has a wide range of factors that influence its rates. From the EUR side, economic data in the Eurozone as well as internal factors in the bloc can easily impact rates.

Even small member states can effectively weigh on the EUR, as seen in Greece during bailout talks in the 2010s.

Alternatively, developments in the United States and the Federal Reserve commonly affect the EUR/USD.

Many examples include the bailouts during the Financial crisis, tax cuts during the Trump Administration, and Covid-19 relief measures, among others.

Technical Analysis

EURUSD builds a base after last weeks test of the 2017 low

EURUSD

EURUSD builds a base after last weeks test of the 2017 low

  • The EURUSD got within 9 pips of the January 2017 low before starting the bounce higher
Greg Michalowski
Greg Michalowski
Tuesday, 17/05/2022 | 13:30 GMT-0
17/05/2022 | 13:30 GMT-0
Technical Analysis

EURUSD back toward unchanged after run higher stalls

EURUSD

EURUSD back toward unchanged after run higher stalls

  • Low yesterday got within 14 pips of the swing low from 2017
Greg Michalowski
Greg Michalowski
Friday, 13/05/2022 | 13:03 GMT-0
13/05/2022 | 13:03 GMT-0
Technical Analysis

EURUSD dips after US jobs report

EURUSD

EURUSD dips after US jobs report

  • EURUSD falls back toward the 200 hour moving average
Greg Michalowski
Greg Michalowski
Friday, 06/05/2022 | 13:08 GMT-0
06/05/2022 | 13:08 GMT-0
Technical Analysis

UPDATE EURUSD: Finds support and defines the short term range

EURUSD

UPDATE EURUSD: Finds support and defines the short term range

  • The low bottoms near a swing area this week and ahead of the low extreme for the year
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 18:32 GMT-0
05/05/2022 | 18:32 GMT-0
Central Banks

ECB Holzmann: We will discuss raising rates and will probably do it in June

ECB Holzmann: We will discuss raising rates and will probably do it in June

  • ECB Holzman steps in to try and stop the EURs decline
Greg Michalowski
Greg Michalowski
Thursday, 05/05/2022 | 16:41 GMT-0
05/05/2022 | 16:41 GMT-0