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 tests swing area on weekly between 0.9662 and 0.9708

EURUSD

EURUSD tests swing area on weekly between 0.9662 and 0.9708

  • The low moves to 0.9726 so far
Greg Michalowski
Greg Michalowski
Friday, 23/09/2022 | 14:15 GMT-0
23/09/2022 | 14:15 GMT-0
Technical Analysis

EURUSD bounces back higher on Powell comments

EURUSD

EURUSD bounces back higher on Powell comments

  • The 38.2% and swing area between 0.9899 to 0.9913 stalled the corrective rally
Greg Michalowski
Greg Michalowski
Wednesday, 21/09/2022 | 19:00 GMT-0
21/09/2022 | 19:00 GMT-0
Technical Analysis

The USD is higher in early NY trading. What levels are controlling bias and defining risk

Forex

The USD is higher in early NY trading. What levels are controlling bias and defining risk

  • A look at the EURUSD, USDJPY, GBPUSD, USDCHF and USDCAD in a look around the major currencies
Greg Michalowski
Greg Michalowski
Tuesday, 20/09/2022 | 13:20 GMT-0
20/09/2022 | 13:20 GMT-0
Technical Analysis

Key technical levels for the EURUSD, GBPUSD, USDJPY and USDCAD

forex

Key technical levels for the EURUSD, GBPUSD, USDJPY and USDCAD

  • The GBPUSD, USDCAD traded to new extremes last week. The EURUSD is trading sideways between up and down extremes. The USDJPY is also stuck for now. What next?
Greg Michalowski
Greg Michalowski
Monday, 19/09/2022 | 13:24 GMT-0
19/09/2022 | 13:24 GMT-0
Technical Analysis

EURUSD moves back toward the 200 hour MA

EURUSD

EURUSD moves back toward the 200 hour MA

  • There is some downside dip in the US yields leading to dip in the USD
Greg Michalowski
Greg Michalowski
Friday, 16/09/2022 | 14:32 GMT-0
16/09/2022 | 14:32 GMT-0
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