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
Amid recent selling, the EUR/USD moved to the 1.1990 support level, then made an upward correction after buyers returned and settled around 1.2094 as of this writing.
The euro fell to the 1.20 level only to turn around and rally during the trading session.
The EUR/USD pair's performance this week continues to be bearish, with losses hitting the 1.2027 support level before stabilizing around 1.2050 as of this writing.
Top Forex Brokers
The euro initially tried to rally to retake the 50-day EMA on Monday but gave back the gains to turn around and press towards the 1.20 level.
After trying to correct upwards for six trading sessions in a row, the EUR/USD's rebound gains did not exceed the 1.2243 resistance level.
The euro fell rather hard during the course of the trading session on Friday, as we have broken down below the 50-day EMA.
The euro has had a volatile month, and as you can see on the monthly chart, we are trying to form a bit of a hammer.
The Euro rallied a bit during the trading session to slice above the 1.22 level, but then turned around to show signs of weakness.
For five trading sessions in a row, the bulls have been trying to push the EUR/USD to move higher in light of the US dollar's decline and investor risk appetite.
Bonuses & Promotions
The euro fell a bit during the trading session on Wednesday to reach down towards the 50-day EMA.
Bullish attempts to push the EUR/USD pair to stronger ascending levels are still weak.
The euro initially rallied during the trading session on Tuesday but gave back the gains as we got close to the 1.2175 handle.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.Global risk appetite prompted the EUR/USD currency pair to correct upwards, reaching the 1.2170 resistance level before settling around the 1.2155 level at the beginning of Tuesday's trading.
The euro rallied again during the trading session on Monday, showing signs of strength.
The EUR/USD sold off and retreated at the beginning of last week’s trading to the 1.2023 support level, then rebounded higher at the end of the week to the 1.2144 resistance level before closing steadily around 1.2117.