Forexlive.com’s Greg Michalowski delves into the technical details that determine the bias, risk, and key targets for EURUSD heading into the new trading week of June 5, 2023. In the report, he looks at the daily chart and then delves into the hourly chart.
Start your week off right by understanding the essential and important levels of EURUSD
EUR/USD
EUR/USD is the currency pair that includes the European Union’s single currency, the euro (symbol €, symbol EUR), and the US dollar (symbol $, symbol USD). The price of the pair indicates how many euros are needed to buy one dollar. For example, when EUR/USD is trading at 1.2, this means that 1 euro is equal to 1.2 dollars. Why is EUR/USD the most popular trading pair Compared to all the tradable currencies, the Euro (EUR) is the second most traded currency in the world,
EUR/USD is the currency pair that includes the European Union’s single currency, the euro (symbol €, symbol EUR), and the US dollar (symbol $, symbol USD). The price of the pair indicates how many euros are needed to buy one dollar. For example, when EUR/USD is trading at 1.2, this means that 1 euro is equal to 1.2 dollars. Why is EUR/USD the most popular trading pair Compared to all the tradable currencies, the Euro (EUR) is the second most traded currency in the world,
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