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spreads eur usd

Euro vs US Dollar

Euro vs US Dollar (EURUSD)

The Currency Pair EURUSD is the shortened term for the euro against U.S. dollar pair, or cross for the currencies of the European Union EU and the United States USD.

usd Flag eur Flag usd Flag eur Flag usd Flag eur Flag

Euro vs US Dollar

EURUSD
-.-- usd
Buy
--.--
Sell
--.--
-.-
Previous Close
1.11857
Open Today
1.11857
Daily low
1.11646
Daily high
1.1175
Annual change
-.--%
All time Low / High
0.95358 / 1.25552

EURUSD Contract Specifications

  • Minimum Spreads, points:
    0
  • Tick size:
    0.00001
  • Contract Size per Lot:
    100000
  • Trading Platform:
    MetaTrader 4
  • Swap Type:
    in points
  • Minimum Volume:
    0.01
  • Swap Long:
    -10.19
  • Maximum Volume:
    0
  • Swap Short:
    0.29
  • Pip Value:
    10 USD
  • Margin Group:
    FOREX
  • Profit Group:
    FOREX
  • Hedged Margin:
    1
  • Margin Currency:
    EUR
  • Days Swap:
    Wednesday
  • Execution:
    MARKET
  • Margin Percentage:
    100%
  • Trading Schedule EET:
    CHECK

History of EURUSD

The history of the EURUSD currency pair dates back to the establishment of the Euro as a common currency for the European Union in 1999. The Euro replaced several national currencies, and the EURUSD pair became one of the most actively traded currency pairs in the Forex market. The exchange rate between the Euro and the US Dollar is influenced by economic indicators, central bank policies, geopolitical events, and market sentiment. The pair has experienced significant fluctuations over the years, reflecting the dynamics of the Eurozone and the United States economy. Traders and investors closely monitor the EURUSD pair for potential trading opportunities.

currency pair eurusd

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Frequently Asked Questions

EURUSD stands for Euro – United States Dollar. It is a currency pair used in the foreign exchange (forex) market to represent the exchange rate between the Euro, the currency of the European Union, and the United States Dollar, the currency of the United States. The exchange rate indicates how much one Euro is worth in US Dollars.

For example, if the EURUSD exchange rate is 1.15, it means that one Euro is equivalent to 1.15 US Dollars. The exchange rate of currency pairs like EURUSD fluctuates constantly due to various factors such as economic indicators, geopolitical events, interest rates, and market sentiment, among others. Forex traders and investors use these fluctuations to speculate on currency movements and conduct international trade and financial transactions.

To trade the EURUSD pair, you need to follow these steps: first, choose a reputable forex broker and open a trading account. Fund your account with the desired amount. Next, analyze the EURUSD market using fundamental and technical analysis to identify potential entry and exit points. Select a suitable trading strategy, such as trend following, breakout trading, or range trading. Once you have a clear trading plan, execute the trade through your broker’s trading platform. Implement risk management techniques, including setting stop-loss and take-profit orders, to protect your capital. Monitor the trade closely and adjust your strategy as needed. Finally, when your trade meets your predefined criteria, close the position to secure profits or limit losses. Remember to continually learn and practice to improve your trading skills and increase your chances of success.

The trading hours for EURUSD can be found here

Some popular trading strategies for the EURUSD pair include trend following, breakout trading, range trading, news trading, carry trading, and scalping. Trend following involves identifying and following the prevailing trends in the EURUSD market to enter positions in the direction of the trend. Breakout trading focuses on key support and resistance levels, aiming to catch strong price moves early. Range trading involves buying near support and selling near resistance in periods of consolidation. News trading involves reacting to economic indicators and central bank announcements. Carry trading considers interest rate differentials between the Euro and the US Dollar. Scalping involves executing quick trades to profit from small price movements. Traders should choose strategies that suit their risk tolerance and trading style while implementing proper risk management techniques.

When trading the EURUSD pair, you should consider both fundamental and technical factors that can influence its price movements. On the fundamental side, pay attention to economic indicators and reports from the Eurozone and the United States, as well as central bank policies and statements from the European Central Bank (ECB) and the Federal Reserve (Fed). Geopolitical events and overall market sentiment can also impact the exchange rate. From a technical perspective, analyze price charts using various timeframes and chart patterns, and utilize technical indicators to identify trends and potential entry and exit points. Additionally, implement risk management techniques, such as position sizing, stop-loss orders, and take-profit orders, to protect your capital and manage potential losses. Avoid overleveraging and ensure your risk-reward ratio is favorable. By considering these factors and maintaining a disciplined approach, you can make more informed trading decisions and improve your chances of success when trading the EURUSD pair.