EUR/USD price
EURUSD Key Statistics
Trading hours
Symbol trading specification
About EURUSD
The Euro and the U.S. Dollar are the two most powerful currencies globally. Their forex market is called EURUSD and is one of the most traded platforms by investors.Traders should be careful and eager to find as much information about EURUSD price as possible.
What is EURUSD?
The EURUSD forex market is the online platform where real data from purchases and sales of the EUR and USD currencies happen.
The USD remains the main depository currency. Most central banks in the world need to hold USD in an effort to support their local currency and ensure they have enough money to order raw materials and engage in trade with other countries. Also, the US Dollar is the only currency where crude oil is calculated and traded, so you have extra strength by holding USD against any other known currency. Investors who want to learn how to trade EURUSD need to keep that in mind.
How does the EURUSD market work?
It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURUSD start without risking their real assets.
The EURUSD market operates daily without a specific timeframe. Most of the transactions happen between 10 AM and 4 PM EST time even though that's late night in the European Union.
Most investors are there to give their bids on the EURUSD forex index and even make time-captured calls in the index price. The index in real-time changes the price every 15 seconds. Some investors like to short-sell the index price and the others focus more on long-term strategies.