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
The Euro has fallen a bit during the course of the trading session on Monday as we continue to see the US dollar strengthened overall.
The EUR/USD pair's losses during last week’s trading culminated in a move towards a 4-month low, reaching the support level of 1.1761 before closing steadily around 1.1792.
The euro rallied just a bit during the trading session on Friday, but still remains well below the 200-day EMA.
Top Forex Brokers
The Euro continues to struggle overall as we have seen a lot of US dollar positivity.
Amid a strong bearish performance, the EUR/USD pair is still trying not to cross the psychological support barrier at 1.1800, which would trigger profit-taking push the pair towards stronger support levels.
The Euro drifted a little bit during the trading session on Wednesday to reach down towards the 1.18 handle before bouncing ever so slightly.
Bears are still controlling the performance of the EUR/USD pair as US monetary policy officials are still confident in the future of the country's economic recovery amid vaccinations and economic stimulus plans.
The Euro fell significantly during the trading session on Tuesday as Germany has announced further lockdowns.
The EUR/USD pair had a bearish start to the week, moving to the support level of 1.1875 before settling around the resistance level of 1.1935 ahead of testimony from Federal Reserve Chairman Jerome Powell.
Bonuses & Promotions
The Euro has bounced from the crucial support level based upon an uptrend line and of course the round figure of 1.19 just below.
For the second week in a row, the bulls tried to launch the EUR/USD price above the 1.2000 psychological resistance, to break out of its last bearish channel.
The euro continues to go back and forth overall, as we are hanging around at the 1.19 level.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The euro has seen a lot of selling pressure come in during the day on Thursday as the US bond market continues to sell off, driving yields much higher.
The EUR/USD has continued its downward correction, reaching the 1.1886 support level, near its lowest level in nearly four months.
The EUR/USD pair has been in a downward correction that pushed it towards the support level of 1.1882 before settling around 1.1906, in an attempt to benefit from disappointing US retail sales numbers.