The first currency of the pair is known as the "base" currency and the second currency is known as the "counter" or "quote" currency. Forex euro dollar — history EURUSD from a technical point of view and after trying during the previous three weeks, the pair has managed for the first time to rise above the resistance force that has exercised the very long term shelter located at the 1. It remains vital to follow the evolution of its quotation concerning long and very long term and for the short and medium helps traders to make decisions of narrow spaces. Support in the long-term congestion of the 1.
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The U. Dollar The United States and the US dollar have a special role in the currency markets, as it has long been accepted as a reserve currency and the currency of choice for international monetary transactions. When economic activity slows down, the dollar weakens. Because the United States is also considered a safe haven for assets of all kinds, the dollar tends to rise during times of political or global financial tumult.
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