Characteristic features of the EUR/USD pair

EUR/USD is a major currency pair, characterized by increased liquidity.

Active trading time:
most active during the European and American trading sessions.
medium. At the publication of certain news, the EUR/USD pair still may swing by 100 points and more.
the spread is minimal because of super-high liquidity. On our ECN accounts, spread remains under 0.8 point.

Factors influencing EUR/USD pair

The behavior of EUR/USD is some sort of an indicator demonstrating and comparing the economic situation in the US and Europe.

If the US economy grows stably while the EU has some troubles, the EUR/USD pair falls.

Conversely, if the USA slows down while the EU boasts good results, EUR/USD grows.

1 2 3
Fundamental factors
Important economic data from the US and EU. Such as: Changes in the interest rates; Unemployment rate; Non-farm; CPI.
IFO Speeches of first persons: ECB and Fed conferences; speeches and comments of leading politicians.
Political events: elections, disturbances, domestic political instability (such as Brexit).
The “Economic calendar and markets news” on our platform will help you keep track of important news and economic indicators.
1 2 3
Technical factors
The current trend: an actual trend is vital for trading.
Important support and resistance levels
Price patterns: candlesticks and Price Action patterns.
History of the EUR/USD pair
At the official start of trades, the EUR/USD exchange rate was about 1.1800.
1999 to 2001, the perspectives of the euro remained vague, and the quotation was declining stably, reaching the minimum of 0.8200.
From 2002, the pair was growing for 7 years, reaching its all-time high of 1.6000 in 2008.
Later, from 2009-2020.3, the pair corrected significantly due to the banking crisis and various issues in the Eurozone.
Since mid-May EUR/USD is climbing strongly and in a clear upward channel.
With the US economy spluttering and the November election coming closer, it’s hard to identify any reason why EUR/USD’s advance should end soon. 
Excess supply of dollars and excess demand for euros, which is logical to expect a marked appreciation of EURUSD in the longer-term.
Faster rise in the monetary base in the United due to the COVID crisis.
The joint issuance of bonds by Eurozone may become an alternative safe-haven variety of US Treasury bonds, It will promote the diversification of reserve assets from the US dollar.