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Trading symbol EURUSD

Forex Symbol «Euro vs US Dollar» or «EURUSD»

«EURUSD» is the most popular trading symbol at the Forex market. This currency pair has appeared at the foreign exchange market since 1 January 2002.

Research shows that this trading instrument is the most commonly used trading symbol on the international Forex market. Statistics show that over a third of all trading operations carried on buying and selling financial instruments at the Forex market is carried out using this currency pair. EURUSD trading tool is the most commonly used trading symbol for today. This currency pair is most in demand because of the very high incidence of these two currencies, which are present in a given currency pair. EUR/USD has attracted broad attention from both major investors and ordinary traders. EURUSD is one of the most active in the Forex market, because this currency pair has a high volatility. For this reason, it is suitable for trading even beginners, not to mention the foreign exchange market professionals.

The fluctuations in this currency pair are fairly smooth, which can be easily seen on the chart for a specific financial instrument. You can see a higher activity of a price during the working day, as well as periods of small price movements on the chart. This is due to the geographical location of the largest trading centers, buying and selling of one currency for another presented at this currency pair. Major trading centers trading these currencies are located in Western Europe and the United States. The trading activity is the highest when working the stock exchanges in Europe and North America. When the working day in the U.S. and Western Europe is completed, the activity of changing these currencies is significantly reduced.

Due to the high trading activity using this currency pair, it has attracted great attention of the traders who earn mainly on a daily trade at the Forex market. In order to successfully carry out their trading activities, traders need to be constantly informed of major economic events in the countries of Western Europe, as well as in the United States. The main events that occur in these regions, economic calendars are displayed in almost every brokerage organization that offers its customers the opportunity to trade at the foreign exchange market to make trading activities using the latest computer technologies.

When trading on the currency pair EUR / USD, the trader should focus on the movement trend. Thus, assessing the situation on the market, the trader must deal with the current price movement on a specific financial instrument, as well as to predict the future course of prices. A trader can use the graphical analysis, highlighting the trend support and resistance lines. Also he can identify important previous support and resistance levels that occurred in previous times on the chart. Each trading symbol on the Forex market has a lot of its own distinctive features. For this reason, the trader must verify in practice the trading system using presented trading instrument.

The U.S. dollar is the world's main reserve currency, and the main competitor is the Euro. Taken together, these two currencies make up a large part of the world's monetary mass, used in the world at the moment.

Price change on the given currency pair change the value of other currency pairs, having in their description the one of the above currencies. These currency pairs are USDCAD, USDJPY, USDCHF and many others. Even if the U.S. dollar or euro do not appear in the description of a specific currency pair that does not mean they lack the influence of the two major world currencies. Influence occurs through cross training, and through many economic relations that exist between states - the owners of the considered currencies.

It is worth noting that the currency pair EUR-USD is a testing ground to test new trading strategies and ideas. Due to the high information content of candlestick chart, traders can clearly predict the future course of prices for a long period of time.

Incoming search terms:
EURUSD, eurusd, симбол EUR-USD,