Trading Strategy

The eurozone is a geographic and economic region that consists of all the European Union (EU) countries that have fully incorporated the euro as their national currency.

As of 2018, the eurozone consisted of 19 countries in the EU: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherands, Portugal, Slovakia, Slovenia and Spain. 

The eurozone is one of the largest economic regions in the world and its currency, the euro, is considered one of the most liquid when compared to others. This region's currency continues to develop over time and is taking a more prominent position in the reserves of many central banks.

The currency code used in the general industry to represent the euro, the official currency for more than half of the 27 members of the European Union (EU). The Eurozone states are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. As of March 2009, five other non-Eurozone members were also using the currency. 

The USD is the abbreviation for the U.S. dollar in the world of currency trading. The international foreign exchange market, where dollars are traded for other currencies from around the world - also known as the forex market - is the largest financial market in the world, with a daily average volume of over $1 trillion.