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.
Most Recent
A surge in sentiment following Trump's absence of threats to impose tariffs on the Eurozone helped the EUR/USD currency pair rebound to a high of 1.0544.
The EUR/USD currency pair's attempt to recover at the end of last week with gains to the 1.0530 level quickly evaporated and returned downward this week.
In my daily analysis of the EUR/USD pair, it looks like the euro is simply treading water, just below the crucial 1.05 level.
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At the beginning of this week's trading, the EUR/USD currency pair is expected to stabilize around its recent losses, which extended to the support level of 1.0332 last week.
Since the beginning of this week, the EUR/USD currency pair has been attempting to recover from its year-low, but rebound gains have not exceeded the 1.0609 level, and it is currently stabilizing around 1.0548 at the time of writing this analysis.
For four consecutive trading sessions, the EUR/USD currency pair has been attempting to rebound and recover from its lowest levels in a year, which reached the support level of 1.0496 at the end of last week.
As this week's trading began, the turmoil caused by Trump's trade policies has somewhat subsided, allowing the EUR/USD currency pair to rebound, reaching 1.0607 at the time of writing this analysis.
The US Federal Reserve's affirmation of not rushing to cut interest rates, coupled with Trump's election victory, has extended the US dollar's gains.
The EUR/USD exchange rate tumbled to a low of 1.0495, its lowest level since October 6, 2023, as the risk-off sentiment continued following Donald Trump’s victory. It traded at 1.0540 on Monday morning, ahead of key economic data.
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During my daily analysis of the EUR/USD pair, the first thing that I notice is the fact that we have bounce from a crucial large.
Alongside the anticipated Trump policies - a stronger US dollar - US inflation figures came in stronger than expected.
The EUR/USD pair continued its strong bearish trend, falling to its lowest level since November 2023 after the US published the October inflation data.
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The stronger US dollar policy is bringing more losses to the EUR/USD currency pair, which has reached the support level of 1.0595, the lowest for the currency pair in the forex market during 2024.
Trump's trade policies continue to support further gains for the US dollar against other major currencies.
At the end of last week, the Euro attempted to recover from its strong losses against the US Dollar amid the strength of the latter following Trump's re-election as US President.