The strength of the Euro against other currencies

[euro]

We all know by now that the Euro is the safe haven and it has a lot of strength against the usd and other recurrences like the yen. I usually trade euro/usd/or with yen. I think there are many bullish trend to trade when it comes to going long on euro. Also, with the recent meltdown of the US, we should be buying euro/usd as the price peaked in six months at 3.6 something. Do you like the euro? 

[Decub]

Euro is always expected to be a strong currency. It is that which is used by so many countries. This makes it one that shouldn't fall so easily. Even during the economic crisis of Spain, it affected it but not as the way it would have affected if it were used by a lone country.

[standart]

well, basically euro currency doesn't stable since some of euro members still facing difficulties in finance. have high debt which not enabling the economic situations run in proper way. however, the euro rate remain high because majority countries still in good situations in economic. 

[Stekin]

I agree with you. The euro currency will keep fluctuating all The time. It is the traders who are knowing how to predict it that can be able to know when it is going to be stronger than the paired one. The euro price can go up today and by tomorrow, it will come down against the dollar.

[surya77]

for EURO we must see more in Eurozone economic conditions, eurozone is important for euro pairs, if eurozone is stable so euro pairs value is rise/bullish.

[forexlover]

It is true that EUR has a greta power. But Kuwait derham and Oman's currency is most powerful then EUR. Both countries are in underdeveloped . Their currencies could be very at high rate. So I think that in future the most powerful currency will Oman's Currency.

[Decub]

well, basically euro currency doesn't stable since some of euro members still facing difficulties in finance. have high debt which not enabling the economic situations run in proper way. however, the euro rate remain high because majority countries still in good situations in economic.

Sure, and so does every other currency. Trading in the Euro doesn't mean it will remain weak always because there are quite a lot of factors that determine the rates. We can understand that the stronger the economies within the Euro using countries, the stronger the currency in the market.

[Alick Bannerman]

Obviously Euro is the 2nd most traded currency of the world, so it is indeed very powerful but it’s not necessary for things to work every time, if we want to be really successful then we must learn to make strategy that keeps every factor in mind instead of just one and only then we could succeed.

 

I am seriously lucky to have high class broker like OctaFX, it’s a really dependable company with having great news and analysis service, so following that is enough to bring great rewards for me and also it’s a system which gives us analysis on regular basis with no charges at all, so having a free service of this quality is hard to be missed.

[Decub]

Obviously Euro is the 2nd most traded currency of the world, so it is indeed very powerful but it’s not necessary for things to work every time, if we want to be really successful then we must learn to make strategy that keeps every factor in mind instead of just one and only then we could succeed.

 

I am seriously lucky to have high class broker like OctaFX, it’s a really dependable company with having great news and analysis service, so following that is enough to bring great rewards for me and also it’s a system which gives us analysis on regular basis with no charges at all, so having a free service of this quality is hard to be missed.

That's on point though. The Euro is seen as one of the greatest currencies considering a lot of factors and most times also, newbies are encouraged to start up with it since it is a currency that is widely traded and which they can easily learn to follow through the Demo account.

[pepy]

EUR i think the second strongest currencies over the others, now Europe as the basis for buying something from Asia and other countries. So you can say their strength because of this consumption and selling a high end product back with competitive price, the only one that could beat Euro is Pound.

[Decub]

EUR i think the second strongest currencies over the others, now Europe as the basis for buying something from Asia and other countries. So you can say their strength because of this consumption and selling a high end product back with competitive price, the only one that could beat Euro is Pound.

Of course and when it comes to those who are new in Forex, it is not a bad thing also starting with these popular pairs of which most times, the EUR forms part of it. But then sometimes I still express fear on the floor of the market on the strength of EUR against the USD.

[Stekin]

Of course and when it comes to those who are new in Forex, it is not a bad thing also starting with these popular pairs of which most times, the EUR forms part of it. But then sometimes I still express fear on the floor of the market on the strength of EUR against the USD.

Just as you have rightfully stated. It is good for the newbie traders to look at the Euro and the dollar and some of the very popular pairs as their starting point when they want to trade. Trading in the Forex business requires knowing how to also manage Forex well enough and knowing how to make it a place that things will work out well for you only when you have that desire to learn and also understand it well enough too.

[myregister]

Euro is just like other currency in fact i heard that RMB already replaced euro as the most traded currency. I think people realized that there's shift but it still considered as strong even RMB gain its popularity and also EUR as we know has good history and nice welfare states.

[pepy]

Euro still strong because many investors around the world has positive views about it even it still has deflation to certain extent.  RMB for sure replaced Euro but i think Euro still preffered around the world because of its country stability and also the purchasing ability that mostly european people have.

[myregister]

Euro is strong because of the people live such a high standard, also this is a supranational currency not just similiar national currency. Also investor and many speculator see that Euro like that and it build some kind of reputation about Euro being one of the most favourable currency and thus raise the price of Euro.

[radex78]

Euro included international currency, now seems this currency already used on many payment processor also beside usd, but usually I am still use usd if want to withdraw money from account trading, and not yet using euro, maybe in certain country already so many people using euro as standart exchange but in trading pair like as eurusd also often fluctuative and not always bullish like as after brexit eurusd bearish strong

[pepy]

Euro is strong because many people expected it before, but if people don't then it won't be like that also to let you know that euro is the home of one country which we know as germany become the main export for high quality product we ever know. Not to mention of its high standard of living expecting for a strong euro.

[myregister]

for EURO we must see more in Eurozone economic conditions, eurozone is important for euro pairs, if eurozone is stable so euro pairs value is rise/bullish.

Tend to bullish doesn't mean it will be always be bullish. Eurozone surely an interesting place, but right now it faces some crisis that might influence the price of euro to be bearish. Up to now Euro still stay strong because of the better economic condition its citizen which maybe many traders find desirable and thus buy or appreciate the price of EURO itself.

[radex78]

Tend to bullish doesn't mean it will be always be bullish. Eurozone surely an interesting place, but right now it faces some crisis that might influence the price of euro to be bearish. Up to now Euro still stay strong because of the better economic condition its citizen which maybe many traders find desirable and thus buy or appreciate the price of EURO itself.

We can look after brexit, this currency down rapidly more than 1700 pips only few hours and just now on last week this pair move bullish with strongest and this mean if usd weaken versus euro, but I see not only on eurusd also on some pair like as usdchf, usd currency also weaken to another currency,we can check it on our chart

[pepy]

As far as i know Euro is one of the strongest currency compared to USD the first is Oman Rial. It still strong against USD even at the moment we see overall EuroZone is in weak growth and even some countries there see its GDP falling down a bit. Nevertheless, EURO still available in many exchanging site, means the demand still high and the strength of EUR still good.

[myregister]

Euro is strong because the market see that is the way they are. If their economy start to crumbling only few who still believe in EU or if EU crumbling you will see that thing will happens to the market itself. EURO is great because there are some big countries behind them such as France, Italy, and Germany. Not to mention turkey as growing power also joins them.

[pepy]

Euro is one of the most powerful currency and but compared to some of the Gulf currencies, it does not that have high rate. Euro basically a fluid currency it doesn't lack liquidity because a lot of people have it and ready to trade it. Euro also well-known as stable currency which makes it favourable in the eyes of the businessman.

[myregister]

Euro is strong even though it is strong enough, it still able to do the majority of exports aside from China. Euro is better as hard currency but it is not good as the way to store money in long term,  the rate is near zero and effectively doesn't make me want to hold my money there except for the sake of speculating on the market.

[uncle gober]

Very true, because traders must be able to perform a good and true pemhaman in order to better still in carrying out its trading activities. Dnegan so traders can be more confident in generating profit and risk that exist in its trading system with better and true.

[arjumand]

I believe that it is strong because it is owned by many countries and thats might be a valid point for its strength.