EUR/USD
EUR/USD
1.0428
0%High: 1.0428
Low: 1.0428
Market Mood
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
Trader`s mood
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
The euro and the US dollar today are the two largest and most popular currencies in the world. They are in great demand, it is these currencies in the forex market that make the largest number of transactions, both in terms of quantity and volume, which makes this currency pair the most liquid.
The pair EUR / USD is built on the principle of direct quotation. As the base currency is the euro, quoted in it - the US dollar. The growth of the currency pair means the strengthening of the euro against the US dollar, that is, more dollars are needed to buy one euro. A decrease in the exchange rate indicates a strengthening of the dollar.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is governed by the US Federal Reserve, which performs the functions of the Central Bank.
FAQ
- How to trade Forex EUR/USD?
Various cryptocurrency exchanges enable you to purchase EUR/USD . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase EUR/USD directly from other buyers and sellers using different payment methods
- Which platform is better to trade?
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
- What is the forex trend EUR/USD?
When trading the EUR/USD, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the EUR/USD can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.