The EUR/USD pair is highly recommended for traders who are only beginning to trade Forex. It trades easily by retail traders as well as by Central banks and financial institutions around the world.
The most active trading sessions takes place in London and New York and the most commonly used EUR/USD Forex charts are the Daily, 4 Hour and 1 Hour charts. The traders at Daily Forex will post the latest Euro to US dollar forecasts and will keep you totally updated regarding EUR/USD trading.
EUR/USD receives additional interest from volume generated by the Euro-crosses (e.g. euro/British pound (EUR/GBP), EUR/CHF and EUR/JPY. This interest tends to be contrary to the underlying U.S. dollar direction, making it an attractive market for short-term traders.
EUR/USD failed to stabilize around 1.1100 as persistent selling pressure and expectations of tighter US monetary policy weighed on the euro.
The surprising inflation data caused financial houses to react fast and the EUR/USD was put under immediate pressure. This occurred because fear of another Federal Funds Rate hike in December was essentially confirmed within the mindsets of analysts’ outlooks.
EUR/USD extended its decline on Wednesday, breaking below the 1.1100 support level as rising US yields and expectations of tighter Federal Reserve policy strengthened the dollar.
EUR/USD reversed its early gains after stronger-than-expected US inflation reinforced expectations of restrictive Federal Reserve policy.
EUR/USD rallied on Monday but remains in a broader consolidation pattern as the author continues to favor the US dollar.
EUR/USD extended its decline after stronger-than-expected US employment figures reinforced expectations of tighter Federal Reserve policy.
EUR/USD’s response around support at 1.11730 may help clarify whether the latest retreat is stabilising. Holding this level and establishing progressively higher support would lend the recovery more credibility, particularly if equity market sentiment improves.
EUR/USD traded erratically on Thursday as investors prepared for the US nonfarm payrolls report, with the author maintaining a bearish outlook amid concerns about European energy inflation and interest-rate differentials.
After showing a rather steady ability to create a trajectory lower, suddenly traders have been dealt an opportunity to pursue a reversal in the EUR/USD.
EUR/USD struggled to sustain Tuesday's early gains, encountering renewed selling pressure around the 1.1200 level.
EUR/USD remains under pressure despite an attempted recovery driven by hopes of renewed US-Iran diplomacy.
EUR/USD: Can US Data Shift the Mood After the Fed Hold?
EUR/USD recovered slightly during Wednesday's session as traders reduced short positions ahead of the Federal Reserve announcement, but Chris Lewis remains bearish on the euro.
EUR/USD continues to consolidate with a bearish bias as higher US interest rates, European energy concerns and potential dollar liquidity demand weigh on the euro.
Retail traders should understand that whipsaw action – if they have limited funds and ability to ride EUR/USD storms out – will occur throughout this week.
