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.
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EUR/USD trades near 1.0500 under bearish pressure as US inflation data and the ECB announcement shape market expectations.
EUR/USD approaches 1.0500 support as risk aversion grows, with ECB decisions and US inflation data shaping near-term moves.
EUR/USD holds near 1.0566 under bearish pressure as traders await ECB rate decision and US inflation data for direction.
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The euro retreats below 1.06, pressured by US economic outperformance and Eurozone weakness, with 1.05 support and limited upside near 1.0750.
The euro steadies near 1.05 against the dollar, with traders eyeing NFP data for a potential breakout to 1.06 or a pullback to 1.04 support.
As we predicted earlier, the Euro will remain weak as long as economic and political tensions in the largest economies of the Eurozone persist and increase.
The euro has been all over the place during the trading session on Wednesday, as we continue to see a lot of noisy behavior in general.
EUR/USD remains stable near 1.05 with a bearish outlook, as investors eye Powell's comments and US jobs data, targeting support at 1.0440 and resistance at 1.0670.
In my daily analysis of the EUR/USD pair, the first thing I see is that the euro is struggling against the US dollar yet again.
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EUR/USD declines below 1.0500 under pressure from US dollar strength, driven by trade policy fears and eurozone political instability.
The EUR/USD remains bearish around 1.0515 as dollar strength persists, with focus on US jobs data and critical support at 1.0455 for potential further declines.
During my daily analysis of the EUR/USD pair, the first thing that comes to the forefront is the fact that we try to break above the crucial 1.06 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro initially fell a bit against the US dollar during the trading session on Thursday as Thanksgiving would have caused a little bit of liquidity problems in the market.
EUR/USD rebounds weakly, stabilizing near 1.0546 as ECB commentary offers support, but bearish pressure remains amid global uncertainties and low liquidity.
The Euro has rallied a bit during the early hours on Wednesday as we have seen the United States dollar give back some of its gains.