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EURUSD

The EURUSD currency pair is the most often used one on the foreign exchange market. It represents the exchange rate between the US dollar and the euro. While 19 of the EU’s 27 members utilize the euro, the US dollar is the country’s official reserve currency.

 

The EURUSD is important in the trading community due to its stability and liquidity. One of the most well-liked currency pairs, the EURUSD, gives traders a selection of alternatives for buying and selling currencies. Also, because the US dollar and the euro are stable, traders who want to reduce their risk exposure typically use this currency pair.

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Glossary

Golden cross

An upward crossover of a short-term moving average over a long-term moving average

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.