The Most Detailed Historical Analysis of EUR/USD

In 1929, Gustav Stresemann from the League of Nations suggested a European
currency. This idea was reminiscent of an earlier memory of the Latin
Monetary Union, which involved France, Italy, Belgium and Switzerland and
which disintegrated after the WWI.
In 1989 was introduced a plan, which included the creation of the European
System of Central Banks. Three steps were outlined before the creation of
the monetary union:

1) Liberalization of capital movements in the European Economic Community

2) Maastricht Treaty was signed in 1992, which agreed for the creation of
the single currency

3) The British Pound sterling was forced to withdraw from the fixed
exchange rate system due to the quick fall in value of the pound (Black
Wednesday).In 1998, 11 initial countries were selected to participate in
the new currency state. There were strict criteria for the member states.
Among those were: debt ratio of less than 60%; low inflation; budget
deficit of less than 3% of GDP; interest rates close to the EU average.
Just before the launch, on 1st of June 1998, the ECB succeeded the EU
Monetary Institute. Its first president was Wim Duisenberg. The conversion
rate was based on the market rates of the ECU.

A few less known details about the Euro are that:

• Between 1994 and 2016 EURUSD formed 269 Market Tops.
• Between 1994 and 2016 EURUSD reached 1.5999, which was the highest price
  for the pair on record
• Between 1994 and 2016 the lowest price reached was 0.8270
• The average daily P/L is 0.0014%
• The first transaction in the EURUSD took place on the 01.04.1999
• When the euro was launched in 1999, the exchange rate to the USD was
  1.1686

For further information and for the full EURUSD Historical File, please visit ColibriTrader