EUR/USD – Rate, Chart, Analysis & News

EUR/USD is a Forex ticker that represents the price it will cost you in US Dollars to buy 1 EUR. FX currencies are shortened to three-letter abbreviations for ease and are called ISO codes. The Forex market trades in these currency pairs and have a quote structure of Base/Quote (EUR/USD).

The live EUR/USD rate is shown below in an interactive chart that you can use for technical analysis. Our real-time news and analysis will keep you up to date with factors affecting the price movements of EUR/USD, both fundamental and technical.

EUR/USD Currency Chart


Recommended Forex Brokers to Trade EUR/USD

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United States
Key Features
Competitive spreads with EUR/USD as low as 0.8 pips
Trade on over 80 currency pairs with sophisticated trading tools
Trade 24 hours a day, 5 days a week with a global market leader
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated juristictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
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EUR/USD Explained

The EUR/USD currency pair is the most widely-traded pair in the world. This is due to the fact that it represents a combination of two of the biggest economies. It represents the correlation between the euro against the U.S. dollar – the currencies of the European Union countries EU) and the United States (USD). 

The EUR/USD currency is the most heavily traded pair, accounting for almost 30% of trades executed in the market each day. This is because the U.S. Dollar is involved in 90% of currency trades on a daily basis, and the Euro is involved in roughly 40% of daily currency trading volume. 

EUR/USD Significant Price Movements

The euro currency came into existence in 1992.  As of 2018, 19 of the 28 member countries of the European Union use the euro. According to the ECB, as of January 1, 2017, more than €1 trillion are in circulation in the world. 

Several important factors affect the exchange rate of the EUR/USD currency pair: the economic growth of the Euro Zone and America, trade relations and export/import volume. 

Many of the major moves in EURUSD occurred after the global financial crisis that began in 2007. The stresses placed by this event on economies around the world triggered a sequence of extraordinary responses from central banks. 

Historically, the Euro has weakened against the dollar every time that a member state of the EU has experienced economic turmoil like with Greece, Ireland and Italy. However, the FED hiking interest rates caused the Euro to strengthen against the Dollar. 

 

 

FAQ’s

Which is the best broker to trade the EUR/USD pair?

There are many online brokers that support day trading of the EUR/USD pair. We are constantly evaluating new and existing brokers to recommend the most reliable ones. For more information, you can go to our page that reviews and compares the best Forex brokers to learn more about the different platforms where you can trade EUR/USD.

When I trade the EUR/USD pair will I own the actual currency?

No. CFDs allow you to speculate on rises and falls in the currency pair without having physical ownership. With CFDs, you only have to put in a fraction of the market value of the underlying asset when making a trade. Unlike investing, when you trade CFDs, you are not buying or trading the underlying asset. What you are buying/selling is a contract between yourself and the CFD provider.  

How to trade the EUR/USD pair?

There are several ways to trade EUR/USD. One way is to use the chart monitoring method where you need to monitor the pair on various charts, be it spread or other types of calculations continuously. The Asset Correlation technique is also widely used across the globe by many professional traders. It is a way of assessing the value of an asset, by monitoring the value of another one. For example, some currencies are directly linked to commodities and specifically Gold. This means that whenever the dollar rises, the value of Gold on the NYMEX will fall and vice versa.

The three analysis techniques are fundamental, sentiment and technical. We’d recommend having a good grasp on the fundamentals because this pair isn’t as actively traded as others and so isn’t as liquid.

 


See other currency pairs live rates here.