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 continues to consolidate above 1.16, with potential to reach 1.18 if it clears 1.17, but a drop under the 50-day EMA could revisit 1.14 support.
The euro remains indecisive around the 1.16 level, with summer volatility and central bank divergence keeping EUR/USD in a precarious technical position.
The EUR/USD pair is recovering from last week's lows, trading near 1.1680 as traders eye a potential breakout toward 1.20 amid rising expectations of Fed rate cuts.
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The EUR/USD pair remains stable but under bearish pressure near 1.1570, as weaker-than-expected US jobs data limits losses while technical indicators point toward a potential drop below 1.1500.
The EUR/USD pair is stabilizing near the 1.15 zone as investors digest weak US jobs data, with rising expectations of a Fed rate cut boosting the euro’s recovery potential toward 1.16 and beyond.
EUR/USD is consolidating near the 50-day EMA after Friday’s surge, with key levels at 1.14 and 1.16 likely to determine the next major move.
EUR/USD remains under pressure near 1.1586 after weak US payroll data boosted Fed rate cut bets, but bearish signals still dominate the chart.
The Euro remains under pressure below 1.15 as the US dollar strengthens on Fed policy expectations, with the upcoming jobs report poised to set the tone.
The EUR/USD pair extended losses to a 1-month low near 1.1400 as robust US economic data and the Fed's hawkish tone weighed on the euro, reinforcing a bearish trend.
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The Euro remains under pressure ahead of the FOMC, with traders watching key support levels and Powell's comments for clues on future USD direction.
EUR/USD remains under bearish pressure as traders await critical economic data and the Fed decision, with key support at 1.1500 likely to influence the next move.
The euro plunged to the critical 1.15 support zone on Tuesday as traders await the FOMC decision, with a potential breakout signaling a major directional move.
The euro dropped sharply after the US-EU trade deal, with EUR/USD testing critical support near 1.15 and facing heavy resistance at 1.18.
EUR/USD retreated to 1.1670 amid renewed dollar strength following the US-EU trade deal, with traders cautious ahead of key US economic data and the Fed decision.
The euro edged lower on Friday, hinting at a possible double top near 1.18, while traders eye critical support between 1.15 and 1.16 for direction cues.