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 surged following Trump’s call for rate cuts, but resistance at 1.06 looms large, with traders remaining cautious amid broader bearish trends.
In the early hours on Thursday, the euro did very little, as we continued to hang around the 1.04 level.
For three consecutive trading sessions, the EUR/USD pair has been moving in a corrective upward trend.
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During my daily analysis of major currency pairs, the EUR/USD pair is one that I always check first, and right now it looks like it’s very neutral.
The EUR/USD currency pair's recent attempts to rebound have failed, with gains not exceeding the resistance level of 1.0354. Following the release of US
Despite the fact that the day started out rather positively for the euro, the reality is that it simply cannot hang on to gains. The Consumer Price Index had a chance of helping the euro, as it came in at 0.23% instead of 0.3%. The market is likely to look at this, at the very least, as a good sign or a potential cooling off of the US dollar. However, we have a keep in mind that the Federal Reserve still has a long way to go before they start loosening monetary policy, while the European Central Bank looks absolutely feckless at this point in time, and there’s almost no chance they would tighten monetary policy.
For the second consecutive trading day, the EUR/USD currency pair has attempted to halt its recent sharp decline, which extended to a low of 1.0177, the lowest
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EUR/USD approaches parity as US economic strength and Eurozone challenges drive selling pressure, with oversold conditions offering a potential short-term bounce.
EUR/USD extends its decline below 1.02, targeting parity as bearish trends dominate, with any bounce likely presenting short-selling opportunities.
EUR/USD nears parity as stronger US economic data and inflation concerns drive selling pressure, with markets eyeing critical US inflation figures.
The Euro remains under pressure at 1.03 support, with rising US interest rates and potential parity in sight, as markets await non-farm payroll data.
The euro continues to weaken against the US dollar, driven by diverging economic fundamentals, with parity likely and rallies seen as shorting opportunities.
During yesterday's trading session, the EUR/USD pair attempted to rebound upwards, but its gains did not exceed the 1.0435 level before settling back down around 1.0335 at the time of writing this analysis.