More about the EUR

 

The European central bank (ECB) with its headquarters in Frankfurt, Germany has a lot to do with policy decisions affecting the euro and the forex in general. If bring the euro against its American counterpart- the USD, you would get to see that it is kind of a slower currency bringing the Australian dollar, British pound into the comparison. If we would take daily average, the base currency could trade let us say 30-40 pips also accompanied with higher swings in volatility averaging a little higher too at 60 pips wide each day. Trading euro based currency pairs is usually seen in the period of the US and London sessions. This is known to occur between 2am to 11am EST.

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