Hi guys, on this thread I will be discussing my eurusd breakout strategy and will try to keep it as simple as possible. A few points to remember before I start:
1. EUR/USD is best traded during the London & New York sessions
2. EUR/USD market opens on Sunday night & closes on Friday night, but the best time to trade EUR/USD is the London & NY sessions
3.EUR/USD moves about 100 pips in a day
4.One pip of EUR/USD is valued at $10 when trading a standard lot, $1 for a mini lot, and $0.1 for a micro lot
5. EUR/USD is moved by economic news such as NFP, CPI, PCE, Interest Rate decision, etc.
6. EUR/USD is positively correlated with GBP/USD so they move in similar motion
7. EUR/USD is the most traded fx pair, accounting for 21.2% of all the forex transactions that took place in 2025.
8. Large EUR/USD exposure is seeing an increase in hedging with futures & options