When trading euro-dollar, you should watch out for economic reports, political events and monetary policies that move the price of EUR/USD. Recurring events such as European Central Bank (ECB) and Federal Reserve Bank announcements, as well as developments concerning Brexit and US-China trade discussions impact the price of euro-dollar. You can trade EUR/USD by opening a spread betting or CFD trading account. Note that the price of EUR/USD represents how many dollars you would need to sell to buy one euro. So, if the price quote is 1.10385, it means that €1 costs just over $1.10. You can go long or short on EUR/USD, which means you can trade upward or downward price movements.