The EURUSD

EUR/USD

EUR/USD is a currency pair comprising the single currency of the European Union, the euro (symbol €, code EUR) and the US dollar (symbol $, code USD). The exchange rate of the pair indicates how many euros are needed to buy one dollar. For example, when EUR/USD trades at 1.2, it means that 1 euro is equal to 1.2 dollars. Why EUR/USD is the most popular trading pair Compared to all tradable currencies, the Euro (EUR) is the second most traded currency in the world.

EUR/USD is a currency pair comprising the single currency of the European Union, the euro (symbol €, code EUR) and the US dollar (symbol $, code USD). The exchange rate of the pair indicates how many euros are needed to buy one dollar. For example, when EUR/USD trades at 1.2, it means that 1 euro is equal to 1.2 dollars. Why EUR/USD is the most popular trading pair Compared to all tradable currencies, the Euro (EUR) is the second most traded currency in the world.
Read this term on Monday it hit a weekly low and hit a daily high of pairs. The move higher brought the price back into the consolidation area dating back to May. The low of this consolidation range will be a key barometer for buyers and sellers in the new trading week.

The video above outlines this key barometer and explains other targets for both the upside and downside of the EURUSD.