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 EUR/USD fell below the psychological support level of 1.0800 as we predicted earlier, losing to 1.0795 before stabilizing around 1.0832 at the time of writing.
You can see the euro initially did try to rally during the trading session on Monday but fell.
The bears' control over the direction of the EUR/USD pair has strengthened, with losses extending to the support level of 1.0812.
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The euro experienced a notable rebound during Friday's trading session.
The Euro initially tried to rally during the session on Thursday but has given back the gains at least a bit.
The general trend of the EUR/USD pair is still bearish.
You can see the Euro rallied quite significantly during the trading session on Wednesday.
The overall trend for the EUR/USD pair is bearish.
The euro initially rallied on Tuesday but gave up gains as we continue to see a lot of noisy behavior in the bond markets.
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The euro/dollar exchange rate “EUR/USD” looks vulnerable to further declines in the coming days.
The Euro tried to rally initially during the trading session on Monday but hasn’t gotten any strength out of this.
The EUR/USD exchange rate made two failed attempts to break below the minor psychological level at 1.0850.
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The Euro's performance during the early hours on Friday remained unremarkable, marked by back-and-forth movements.
The Euro has done very little to change its overall attitude, we've gone back and forth, we've even tried to break above the 50-day EMA but gave back those gains.
The EUR/USD pair has been under pressure since the start of this week, falling to its lowest level in a month at 1.0844.