Going up

[knightal]

Hi all

can some please explain in simple terms if possible what exatley is happening behind the scene when say EUR/USD goes up (bull)

What I don't quite understand is, is it people buying the Euro or is it people buying the USD

I know this may seem a silly thing to ask but it is one thing I just can't quite picture

Thanks
Allan

 

[Pharaoh]

If EUR/USD is going up, that means that people are buying the Euro and selling the US Dollar. That's bullish for the Euro and bearish for the dollar.

 

[knightal]

If EUR/USD is going up, that means that people are buying the Euro and selling the US Dollar. That's bullish for the Euro and bearish for the dollar.

Thanks Pharaoh I kinda thought that was the case. It's often the simple things that you think everone should know that cause the stumbling blocks

Cya and thanks
Allan