EUR/USD is the most major of ‘the majors,’ or popular FX pairs that include the US dollar. Euro-dollar represents the most popular currency pair in the FX market. Backed by the two largest economies in the world of Europe and the United States, the pair generally remains liquid throughout the trading day, and this pair can often be one of the most followed ways of analyzing and speculating on the US dollar.
Federal Reserve and European Central Bank rate decisions can be particularly impactful to EUR/USD.
Favored market conditions are often trends and short-term reversals, especially for traders that have strong support and resistance analysis. Fibonacci can be particularly helpful for such a purpose, and we teach how multiple time frames and Fibonacci can go hand-in-hand for a trader utilizing a pair such as EUR/USD.
- The Forex Forecast
- EUR/USD Bounce, EUR/JPY Break
- Euro Pre-ECB: EUR/USD, EUR/JPY
- EUR/USD support test