European Session

The European Session is one of the main trading periods in the Forex market, starting with the opening of financial markets in London and other major European financial centers. It typically runs from 7:00 to 16:00 UTC (9:00 to 18:00 Moscow time), although activity often begins earlier with the Frankfurt market opening.

This session is characterized by high liquidity and increased volatility, especially during the first half when it overlaps with the end of the Asian session. The European Session is considered one of the most active trading periods alongside the American session.

Key Features:

• Major currency pairs like EUR/USD, GBP/USD, and USD/CHF see increased activity.
• Important economic data releases from the Eurozone, the UK, and Switzerland occur during this time.
• The London market is one of the largest Forex trading hubs globally, driving significant market movements.

Example

During the European Session, traders may see sharp price movements in EUR/USD following the release of Eurozone inflation data or statements from the European Central Bank.

Interaction with Other Sessions

The overlap between the European and American sessions (from 12:00 to 16:00 UTC) is known for its high volatility and liquidity, often leading to pronounced market moves, especially when important U.S. economic news is released.