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The EUR USD Live Chart provides the real-time prices that are updated every second, without having to refresh the page. In our EUR/USD Live Chart a wide range of tools are available to get the full picture in the Currency market.
The EUR USD is the shortened form of the Euro and the US Dollar or the currency crosses of the European Union (EU) and the United States (USD). The currency pair refers to the number of US dollars required to buy one euro (the base currency). The EUR USD (EUR / USD) is valued at EUR 1 per USD. For example, in eur usd live chart, if the pair trades at 1.50, it means that it takes $ 1.5 to buy 1 euro. The euro currency originated in 1992 as a result of the Maastricht Treaty. Originally introduced as an accounting currency in 1999. On January 1, 2002, the euro currency began to trade. Over several years, became the currency accepted by the European Union and eventually replaced the currencies of many individuals. Therefore, the euro merges and represents a large number of European economies. This helps stabilize exchange rates and volatility for all EU members. It also makes the euro one of the most traded currencies in the Forex market, second only to the US dollar.
The EUR / USD is affected by the factors affecting the value of the EUR or the US Dollar in relation to each other and other currencies. For this reason, the interest rate differential between the European Central Bank (ECB) and the Federal Reserve (Fed) affects the value of these currencies compared to each other. For example, when the Fed intervenes in open market activities, making the US dollar stronger. The EUR / USD value could be reduced by the strengthening of the US dollar against the euro.
Read the EUR / USD price chart
In contrast to the price chart for the share in which the quoted price directly represents the share price. In EUR USD live chart, the price of the currency pair represents the exchange rate of two currencies. Therefore, the directional indicator on the chart corresponds to the base currency. Using the above example, when the trader takes a long position in the EUR / USD at 1.50. Where the price rises to 1.70, the EUR is gaining strength and weakening the USD. Now it takes $ 1.70 to buy the euro itself, making the dollar weaker and / or stronger for the euro.
However, it is important to understand that the base currency of the pair is fixed and that they always represent one unit. Consequently, the source of reinforcement