What is Euro Fx/U.S. Dollar (EURUSD)?
Euro Fx/U.S. Dollar (EURUSD) is a forex pair traded on FXCM and quoted in U.S. dollars. It represents the exchange rate between the euro and the U.S. dollar, making it the most heavily traded currency pair in the world and a benchmark for global foreign exchange markets. As a spot forex instrument, it reflects the relative value of two of the largest economies and is widely used by traders for both speculation and hedging. TradeSearcher has run over 4,800 backtests on EURUSD, drawing on price history dating back to 1971.