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Euro/US Dollar (EUR/USD)
Written by Aboutcurrency
THE EUR/USD rate is composed of the Euro "base currency" and the US Dollar "quote currency".
The Euro/US Dollar (EUR/USD) exchange rate reflects the relation of the Euro trading against the US Dollar (1 EUR per x USD) . For instance, If the EUR/USD quotes at 1.5000, then 10,000 euros would equal 15,000 dollars (because 10,000 x 1.5 = 15,000). It simply means that 1 euro buys you 1.5 US dollars.
Trading Characteristics Of The EUR/USD
- Most traded currency pair on the spot market (28%).
- Typical forex broker spread: 1-3 pips
- Most active trading sessions: London and New York
- 5 Year Average Daily Range: 129 pips
- Who trades the Euro vs US Dollar? Central banks, financial institutions, retail traders,...
EUR/USD Forex Trading Tips:
- Recommended level of forex experience: Beginner
- Best trading sessions for daytraders: London and New York
- Worst times to trade: Holidays and before major economic news events
- Most common used EUR/USD forex charts: Daily, 4 Hour and 1 Hour
- Best forex brokers to trade EUR/USD: Click here >>>
- Forex trading strategies to trade Euro Dollar: Click here >>>
- Best forex trading system to trade Euro Dollar: Click here >>>
Euro/US Dollar Historical Chart
Top 3 Economic Events That Move EUR/USD
FOMC Rate Decision + Press Conference
ECB Rate Decision + Press Conference
US Employment (Non Farm Payrolls)
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