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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The euro rallied significantly during the day on Friday to close just below the 1.19 level.
The Euro has recovered a bit during the course of the trading session on Thursday to reach towards the 1.1850 level.
The Fed’s confidence in the US economic recovery and policy tightening is imminent.
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The EUR/USD has stumbled to fresh mid-term lows as important support must be considered by technical traders.
The euro fell a bit against the US dollar during the trading session on Wednesday, as we continue to see downward pressure.
Prior to the minutes of the last meeting of the US Federal Reserve, the bearish pressure for the EUR/USD currency pair continues with losses to the support level 1.1806 before settling around the 1.1821 level at the time of writing the analysis.
The euro initially rallied during the trading session on Tuesday but then turned around to show signs of weakness again.
Ahead of the announcement of an update to the ZEW Sentiment Index towards the largest and most important German economy in the Eurozone.
The euro rallied ever so slightly during the trading session on Monday, which was a bit interesting considering that it did not even have the influence of Wall Street working against it.
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Despite attempts to stop losses for the EUR/USD price at the end of last week's trading, the pair rebounded to the 1.1874 level before settling around the 1.1865 level
The market turned around to show signs of strength as we formed a major hammer.
The Euro has given up early gains during the trading session on Thursday as we continue to see more negative pressure on the Euro,
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Sign up to get the latest market updates and free signals directly to your inbox.For the fourth day in a row, the EUR/USD currency pair is subjected to strong selling that pushed it towards the 1.1837 support level,
The EUR/USD is testing fresh lows in early trading this morning as mid-term support ratios continue to remain in view.
The euro struggled again during the trading session on Wednesday as we have reached towards the 1.1850 level.