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 a bit during the trading session on Tuesday to break above the short-term resistance barrier.
EUR/USD tested 1.2260 resistance level due to improving economic data results in Europe, its highest in more than four months.
The euro rallied a bit during the trading session on Monday as we continue to press the resistance barrier from last week.
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We have entered a new bullish trading week for EUR / USD.
The euro fell during the trading session on Friday as we continue the overall consolidation.
The Euro has rallied a bit during the trading session on Thursday to reach towards the 1.22 handle, an area that we have seen a significant amount of resistance over the last couple of days.
We mentioned in previous analyses of the EUR / USD currency pair that the strong recent gains have pushed the technical indicators to strong overbought levels.
The euro initially rallied during the trading session on Wednesday but found a significant amount of resistance to turn things back around.
For five trading sessions in a row, the price of the euro currency pair moves against the US dollar, EUR / USD, in an upward correction range
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The euro had a very strong session on Tuesday to break above the 1.22 handle, and looks very likely to go looking towards the 1.23 level given enough time.
The positive US inflation numbers were offset by the announcement of a sharp decline in US retail sales.
The market does seem like it will probably run into a little bit of trouble, but at the end of the day it certainly looks as if the euro is strengthening overall.
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The Euro has rallied significantly on Friday as the retail sales number in the United States came out much lower than anticipated.
The Euro initially tried to rally during the trading session on Thursday but gave back the gains rather early and then continue to drop.
After the dust caused by the US job numbers settled, the US dollar reacted positively to the announcement of the US CPI reading.