What Are the Trading Hours for EUR/USD?
Find out the trading hours for EUR/USD before trading this currency pair.
Published February 22, 2024.
The Euro/US Dollar (EUR/USD) currency pair is the world's most heavily traded. This major currency pair is also considered a main driver in the global forex market.
The EUR/USD is popular among speculators owing to its large daily volume. The US Dollar and the Euro are two of the world's most prominent currencies and the official currencies of their respective economic zones.
» Learn how to start forex trading today and some strategies for staying ahead of the market
When Is the EUR/USD Typically Traded?
Though the forex market is technically always open, the standard time for day trading this pair is between 07:00 and 20:00 GMT.
To maximize efficiency, day traders could consider trading the EUR/USD pair between 13:00 and 16:00 GMT, to potentially see the day's most significant moves. Spreads and commissions are also the least likely to impact potential profit during this window.
During this three-hour window, both London and New York are open, allowing a lot of trading volume from the two economic powerhouses. As a result, spreads tend to be much tighter than other periods throughout the day.
» Learn more about forex day trading and how timeframes affect volatility
Note: Fortrade offers the ability to trade the price changes of forex pairs with CFDs and NOT to buy/sell ownership of the currency itself.
Why Do Traders Trade the EUR/USD Pair?
- One of the reasons why forex traders prefer to trade the EUR/USD currency pair is its high liquidity—meaning that traders can quickly get in and out of EUR/USD positions.
- The EUR/USD exchange rate is also moving constantly to reflect investor sentiment, economic data releases, and central banks' policy announcements, among other factors.
» Not interested in major pairs? Consider cross-currency pairs or exotic currency pairs
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