The Euro against the US Dollar (EURUSD) is the most active and liquid pair in the whole market. The aggregate size of these two economic areas is huge and it gets reflected to the daily turnover of the exchange rate.
- EURUSD accounts for 28.5% of the total Foreign Exchange market volume
- Historically, the exchange rate moves in a range between 0.80 and 1.60
■ EURUSD TRADING
The American/European sessions overlap accounts for 70-80% of the total average range of trading. » More on Forex Market Overlaps
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Best Time to Trade: between 13:00 GMT and 16:00 GMT (as both markets are active)
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Best Months to go Long: JUNE | DECEMBER
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Best Months to go Short: MAY | OCTOBER
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Positive Correlations: GBPUSD | AUDUSD
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Negative Correlations: USDCHF
■ EURUSD STATISTICS
Important statistics regarding EURUSD.
Table: EURUSD statistics
|
EURUSD AVERAGE MONTHLY STATISTICS |
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(JANUARY 2000 - SEPTEMBER 2018) |
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|
MONTH |
MONTHLY RETURNS |
BULLS TIMES (↑) |
BEARS TIMES (↓) |
VOLATILITY |
MOMENTUM (ΔMP) |
|
(1) JANUARY |
-0.66% |
9 |
10 |
0.88% |
-0.18% |
|
(2) FEBRUARY |
-0.36% |
8 |
11 |
0.82% |
-0.07% |
|
(3) MARCH |
0.32% |
10 |
9 |
0.83% |
0.06% |
|
(4) APRIL |
0.78% |
11 |
8 |
0.78% |
0.53% |
|
(5) MAY |
-0.72% |
7 |
12 |
0.84% |
-0.63% |
|
(6) JUNE |
0.62% |
13 |
6 |
0.84% |
0.40% |
|
(7) JULY |
0.11% |
8 |
11 |
0.75% |
0.16% |
|
(8) AUGUST |
-0.19% |
11 |
8 |
0.76% |
-0.11% |
|
(9) SEPTEMBER |
0.40% |
9 |
10 |
0.81% |
-0.10% |
|
(10) OCTOBER |
-0.70% |
7 |
11 |
0.83% |
-0.64% |
|
(11) NOVEMBER |
0.12% |
9 |
9 |
0.84% |
-0.44% |
|
(12) DECEMBER |
1.40% |
11 |
7 |
0.77% |
0.41% |
Source: CurrenciesFx.com (G.P.)
