EUR/USD trading guide for beginners
EUR/USD — the euro against the US dollar — is the most traded currency pair in the world. High liquidity usually means tight spreads and cleaner charts, which is why many beginners learn on it first.
By the TradeFather education team · Updated 27 Oct 2026 · Educational content, not financial advice
- 1 pip = 0.0001; about $10 per standard lot, $0.10 per 0.01 lot.
- Typical daily range is often around 50–100 pips, varying with news.
- Driven by the Fed vs the ECB, US and Eurozone data, and risk sentiment.
- Most active during London and the London–New York overlap.
EUR/USD at a glance
| Item | Detail |
|---|---|
| Base / quote | EUR / USD |
| Pip size | 0.0001 |
| Pip value | $10 (1.00 lot), $1 (0.10), $0.10 (0.01) |
| Spread | Usually among the lowest of all pairs |
| Nickname | 'Fiber' |
Main drivers of EUR/USD
The gap between US and Eurozone interest-rate expectations is the biggest long-term driver.
Jobs reports (NFP), CPI and Fed decisions often cause the largest daily moves.
Eurozone inflation, German data and ECB press conferences move the euro side.
In global stress, the US dollar often strengthens, pushing EUR/USD lower.
Best times to trade EUR/USD from India and Pakistan
EUR/USD is most active from the London open (about 12:30 PM IST / 12:00 PM PKT in summer) through the overlap until around 9:30 PM IST / 9:00 PM PKT. Asian hours are usually quiet with small ranges.
Risk notice
Forex and CFD trading is high risk. Leverage magnifies losses as well as gains, and regulated brokers' own disclosures typically show that most retail CFD accounts lose money. Never trade money you cannot afford to lose. TradeFather is an independent education and tools provider — not a broker or financial adviser — and does not provide forex signals or execute trades.
If you live in India or Pakistan: RBI does not permit residents to fund overseas online forex/CFD platforms, and SBP has declared offshore forex, margin and CFD platforms illegal for residents. This guide explains how markets work; it is not a recommendation to open such an account.
Frequently asked questions
+Why is EUR/USD good for beginners?
Deep liquidity usually means low spreads and fewer erratic spikes than exotic pairs.
+How much does EUR/USD move per day?
Often roughly 50–100 pips, more on major news days. Check the ATR for current conditions.
+Does EUR/USD go down when the dollar is strong?
Yes. A stronger USD means fewer dollars per euro, so EUR/USD falls.
Sources and further reading
Official and primary sources, links checked 27 Oct 2026. Rules, schedules and broker terms change — always confirm on the source.