Forex Major
EUR/USD — Euro / US Dollar
0.1 – 1.0 pips · 60 – 110 pips
EUR/USD is the most traded currency pair in the world and usually the cheapest to trade. It reflects the interest-rate and growth gap between the euro area and the United States, and its deep liquidity makes it the reference pair for most technical strategies.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100,000 EUR |
| Pip / tick value | 0.0001 → ca. 10 USD / 1.00 lot |
| Typical spread | 0.1 – 1.0 pips |
| Typical daily range | 60 – 110 pips |
| Best trading hours | London open to New York close (07:00–17:00 UTC) |
What moves this market
- ▸ECB and Fed rate decisions and the expected rate differential
- ▸US CPI, NFP and ISM releases — the largest intraday movers
- ▸Euro-area growth data (German ifo, PMIs) and energy prices
Correlations to watch
- ▸Strongly negative to the US Dollar Index (DXY)
- ▸Positive to GBP/USD — avoid doubling both in the same direction
How traders approach it
- ▸London-session breakouts of the Asian range
- ▸Trend pullbacks to the 20/50 EMA on H1 and H4
- ▸Mean reversion inside quiet, rangebound summer weeks
Typical mistakes
- ▸Trading the pair during the dead Asian session with a trend system
- ▸Holding through US CPI without reducing size
Related instruments
Analyse it in FX CURIO
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