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 gone back and forth during the course of the trading session on Thursday, and what would have been very thin trading due to Thanksgiving in the United States.
More risk appetite amid investors' optimism about coronavirus vaccines contributed to the continuation of the EUR/USD's bullish momentum.
The euro was choppy initially during the trading session on Wednesday, but we eventually broke above the 1.19 level and even closed above there.
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After a bearish start, the EUR/USD pair returned to rebound higher and succeeded in testing the 1.1910 resistance before settling around 1.1890 at the time of writing.
The euro rallied during the trading session on Tuesday again, reaching towards 1.19 level.
After eight trading sessions in a row, the EUR/USD currency pair managed to correct higher, taking advantage of the optimism in the markets amid announcements of successful coronavirus vaccines.
The euro fluctuated during the course of the trading session on Monday as we continue to hang on to the latest headlines involving Brexit, which has a certain amount of influence on the euro as well as the British pound.
The EUR/USD had cautious performance during last week's trading as gains reached the 1.1894 resistance before closing, stabilizing around 1.1858.
The euro initially tried to rally during the trading session on Friday, but continues to see a lot of noise right around the 1.19 level that extends to the 1.20 level.
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The Euro broke down a bit during the trading session on Thursday but as the Europeans went home, the Americans decided to buy it.
The euro initially tried to rally during the trading session on Wednesday but continues to struggle near the 1.19 level.
For five trading sessions in a row, the EUR/USD pair has been trying to correct higher, and the retracement gains have stalled around the 1.1893 resistance level at the time of writing.
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The euro initially tried to rally during the trading session on Tuesday, but gave back the gains near the 1.19 level yet again.
Similar to last week's trading, the EUR/USD pair moved in the same upward correction range at the beginning of this week’s trading, as it remained stable around the 1.1868 resistance at the time of writing.
The euro fluctuated during the trading session on Monday, showing just how little excitement there is for owning the euro.