EURUSD (Euro vs US Dollar). Exchange rate and online charts.
Currency converter
21 Feb 2025 23:59
(0.02%)
Closing price, the previous day.
Opening price.
The highest price over the last trading day.
The lowest price over the last trading day
Price range high in the last week
Price range low in the last week
EUR/USD is a currency pair reflecting the current exchange rate of the euro (base currency) versus the US dollar (quote currency). It is one of the most popular currency pairs among traders. EUR/USD enjoys a very high liquidity level. Both currencies of this trading instrument are the world’s major reserve currencies. On top of that, EUR/USD is the most heavily traded instrument in the forex market.
Main features
The euro is a relatively young currency. It was introduced as a noncash monetary unit in 1999. EUR/USD appeared in the foreign exchange market at the same time. In the first years after its introduction, the euro prospects could hardly be evaluated. With time, the currency gathered strength and became the world’s second most commonly held reserve currency after the US dollar.
There is a direct correlation between the pair’s dynamics and the state of the EU and the US economies. So, its movement should be interpreted as follows: when the American economy expands and the EU economy goes through tough times, EUR/USD falls. Conversely, the trading instrument strengthens when the US economy slows down and the EU reports strong economic results.
Factors affecting EUR/USD. Aspects of trading
The pair’s main trading features can cast light on the essence of EUR/USD.
Firstly, this instrument is heavily traded during the European and North American sessions.
Secondly, the pair’s volatility (price change) is at a medium level. Of course, amid the release of important data, EUR/USD can fluctuate sharply (over 100 pips). However, the pair’s average daily volatility is usually about 80 pips.
Lastly, EUR/USD’s main advantage is the lowest spread (the difference between the bid and the ask price). The pair boasts the minimum spread owing to the highest liquidity level.
Both fundamental and technical factors can affect EUR/USD’s exchange rate.
As for fundamental factors, the price is influenced by important economic indicators in the US and the EU, including changes in the interest rate by the US Fed or the ECB, employment, GDP, policymakers’ speeches, force-major, etc.
Meanwhile, technical factors include the current trend (upward trend - long positions; downward trend - short positions; sideways trend - both), important support and resistance levels, as well as price patterns.
Market players trade the currency pair differently. Thus, they can choose to trade EUR/USD based on fundamental analysis, technical analysis, or even indicator analysis. In addition, they can trade using several approaches at once.
See Also
- The Euro Aims for the 1.0534/75 Range
Author: Laurie Bailey
04:48 2025-02-21 UTC+2
1543
Technical analysis / Video analyticsForex forecast 20/02/2025: EUR/USD, USD/JPY, USD/CAD, Oil and Bitcoin
Technical analysis of EUR/USD, USD/JPY, USD/CAD, Oil and BitcoinAuthor: Sebastian Seliga
11:32 2025-02-20 UTC+2
1528
Bulls hold a fragile market advantageAuthor: Samir Klishi
11:45 2025-02-20 UTC+2
1528
- The price test at 1.0448 in the first half of the day coincided with a moment when the MACD indicator had already moved significantly downward from the zero mark
Author: Jakub Novak
19:12 2025-02-19 UTC+2
1468
The Euro Hesitates on Its Own Growth ProspectsAuthor: Laurie Bailey
04:56 2025-02-20 UTC+2
1423
Trading planTrading Recommendations and Analysis for EUR/USD on February 20: The Euro Struggled Under Pressure
The EUR/USD currency pair continued its downward trend on Wednesday, a movement that began on MondayAuthor: Paolo Greco
03:35 2025-02-20 UTC+2
1318
- The test of 1.0440 in the first half of the day coincided with the MACD indicator just beginning to rise from the zero mark
Author: Jakub Novak
15:15 2025-02-20 UTC+2
1273
Bulls hold a fragile advantage in the marketAuthor: Samir Klishi
13:05 2025-02-21 UTC+2
1258
In my morning forecast, I highlighted the 1.0441 level as a key decision point for market entryAuthor: Miroslaw Bawulski
15:08 2025-02-20 UTC+2
1243
- The Euro Aims for the 1.0534/75 Range
Author: Laurie Bailey
04:48 2025-02-21 UTC+2
1543
- Technical analysis / Video analytics
Forex forecast 20/02/2025: EUR/USD, USD/JPY, USD/CAD, Oil and Bitcoin
Technical analysis of EUR/USD, USD/JPY, USD/CAD, Oil and BitcoinAuthor: Sebastian Seliga
11:32 2025-02-20 UTC+2
1528
- Bulls hold a fragile market advantage
Author: Samir Klishi
11:45 2025-02-20 UTC+2
1528
- The price test at 1.0448 in the first half of the day coincided with a moment when the MACD indicator had already moved significantly downward from the zero mark
Author: Jakub Novak
19:12 2025-02-19 UTC+2
1468
- The Euro Hesitates on Its Own Growth Prospects
Author: Laurie Bailey
04:56 2025-02-20 UTC+2
1423
- Trading plan
Trading Recommendations and Analysis for EUR/USD on February 20: The Euro Struggled Under Pressure
The EUR/USD currency pair continued its downward trend on Wednesday, a movement that began on MondayAuthor: Paolo Greco
03:35 2025-02-20 UTC+2
1318
- The test of 1.0440 in the first half of the day coincided with the MACD indicator just beginning to rise from the zero mark
Author: Jakub Novak
15:15 2025-02-20 UTC+2
1273
- Bulls hold a fragile advantage in the market
Author: Samir Klishi
13:05 2025-02-21 UTC+2
1258
- In my morning forecast, I highlighted the 1.0441 level as a key decision point for market entry
Author: Miroslaw Bawulski
15:08 2025-02-20 UTC+2
1243