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
US President Trump has provided some support to the collapsed US dollar by announcing plans for his government to mitigate some of the Corona pandemic effects in his country
The Euro initially tried to rally a bit during the trading session on Tuesday, but gave up gains near the 1.1450 level again, only to break down below the 1.13 handle during the trading session.
In the beginning of this week's transactions, we noticed violent price gaps, amid increasing global fears of a growing Corona spread
Top Forex Brokers
The Euro spiked significantly during the trading session on Monday as we gapped higher and then continued to just straight shoot to the moon.
The Euro has rallied again during the trading session on Friday, as we continue to see the juggernaut of this market in full effect.
The Euro has rallied significantly during the trading session on Thursday, showing signs of even more strength
The Euro initially tried to rally during the trading session on Wednesday but found support at the 200 day EMA just as it did during the previous session.
The Euro rallied again during the trading session on Tuesday as the Federal Reserve cut interest rates by 50 basis points in a surprise move.
The Euro has rallied yet again during the trading session on Monday, reaching towards the 1.1175 level,
Bonuses & Promotions
The Euro has shot higher during the trading session on Friday, but then broke down a bit only to turn around and rally again.
The Euro has rallied rather significantly during the trading session on Thursday but reached into the massive 1.10 level which of course is a large, round, psychologically significant figure.
The Euro has been all over the place during the Wednesday session, piercing the 1.09 level one point but then pulling back to form a somewhat neutral candle.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Euro has rallied quite nicely during the trading session on Tuesday again, but is starting to approach a major resistance barrier in the form of the 1.09 level.
The Euro initially gapped lower to kick off the trading session on Monday, but then turned around to fill that gap.
The Euro has exploded to the upside during the trading session on Friday, as there has been a significant amount of short covering going into the weekend.