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 has broken down significantly during the trading session on Tuesday to reach down towards the 200 day EMA.
Amid the worst daily performance of the EUR/USD currency pair in months, the pair collapsed from the resistance level of 1.2135 to the support level of 1.1994
The euro got absolutely crushed during the trading session on Wednesday as the Federal Reserve came out and suggested that inflation was running a bit hotter than originally anticipated.
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Since the start of this important week’s trading, the price of EUR/USD currency pair has been moving in narrow, limited ranges, as we expected since the end of last week’s trading.
The euro has gone back and forth during the trading session on Tuesday as we wait to see what the Federal Reserve has to say late on Wednesday.
There was a sharp bearish start to the performance of the EUR/USD currency pair for this week's trading that pushed it towards the 1.2093 support level, before settling around the 1.2140 level
The euro did very little during the trading session on Monday, as we essentially are simply sitting at the 50-day EMA and trying to find some direction.
The EUR/USD pair’s gains are subject to profit-taking operations, especially this week with the markets anticipating the monetary policy decisions of the US Central Bank.
The euro initially tried to rally during the trading session on Friday but found that the 1.22 handle would be a bit difficult to get above, and as a result, we have pulled back rather drastically to fall all the way down to the 1.21 handle.
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A state of cautious stability dominates the performance of the euro pairs, awaiting the most important event for the Eurozone this week
The euro rallied significantly during the trading session on Wednesday as we await the CPI figures on Thursday.
A state of cautious stability dominates the performance of the EUR/USD pair since the beginning of this week's trading, awaiting the monetary policy decision of the European Central Bank.
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The euro drifted a little bit lower during the session on Tuesday, but at the end of the day we are running out of momentum.
For the second day in a row, the EUR/USD pair is trying to compensate for the losses of its recent bearish correction amid the improvement in US economic data.
The euro rallied significantly during the trading session on Monday to reach towards the 1.22 handle.