EUR/USD forex chart tells traders how many US Dollars are needed to buy a Euro. The popularity of Euro Dollar is due to the fact that it gathers two main economies: Europe and the United States of America. This is a widely traded currency pair where the Euro is the base currency and the US Dollar is the counter currency.
The EUR/USD (or Euro Dollar) currency pair belongs to the group of ‘Majors’, a way to mention the most important pairs in the world. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. The organization that most impact has nowadays the EUR/USD is the Federal Reserve of the United States.
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