Euro (EUR) is the official currency in the "Eurozone" countries. Today, the euro (EUR) is the second, after the US dollar, the most actively traded currency on Forex. EUR/USD makes up about a third of the financial market turnover. Exactly euro to USD (EUR/USD) is the most popular trading tool in different financial markets. Currently, the EU and the USA have the most powerful economies. Euro and dollar are the largest world currencies used in almost all trading operations and operations between countries.
The currency pair with USD to euro has the highest liquidity among other currency pairs.
EUR/USD is one of the most analyzable; its dynamics are forecasted according to the figures of fundamental and technical analysis.
Transactions with EUR/USD are concluded not only in the spot market but also in binary options, futures, etc.
It has a minimum spread in comparison with other currency tools.
EUR/USD is in strong correlation with GBR/USD, which occurs against the background of the interrelation of the euro and the sterling pound.
In the EUR/USD pair, the euro acts as the base currency, and the dollar is quoted, so its price rises with the growth of the euro and vice versa falls with its decline. In the case of the strengthening of the US dollar, we observe the opposite picture. Trading this pair is not as simple as it seems at first glance. On the one hand, there are a lot of analytical forecasts in the network. On the other hand, the frequent release of news that changes the exchange rate of a currency pair makes these forecasts not relevant. The most activity is observed at the European and American trading sessions; a surge occurs at the intersection of these two trading floors. The monetary policy of the US Federal Reserve and the Central Bank of Europe has the greatest impact on this currency pair.