The European session is the second session of the forex trading day. While the FX market is open 24 hours a day, it’s split into three major sessions – Asian, European and North American, also known as Tokyo, London and New York.
The European session in forex runs from 7:30 am to 3:30 pm GMT, while the City of London is within business hours. This is the session that experiences the most volatility but is most active when it overlaps with the other major session hours.
What are the best pairs to trade in the European session?
The best pairs to trade in the European session will depend on your strategy. Ultimately, the sheer liquidity of forex trading that takes place means that almost any pair can be traded. Typically, you find the most movement among the major European currency-based pairs, which include EUR/USD, GBP/USD, USD/JPY, and USD/CHF.