EUR/USD is slightly bullish but remains capped by the 50-day EMA, with major resistance at 1.17 and volatility expected around the Fed and ECB rate decisions.
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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As expected, the EUR/USD price has remained within narrow ranges at the start of this week's trading, pending the market and investor reaction to the policy announcements from both the US Federal Reserve (Fed) and the European Central Bank (ECB).
The euro posted a quiet rise on Monday, hovering near the 50-day EMA as traders await guidance from the Fed and ECB amid sustained US dollar strength.
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The EUR/USD price will remain in a narrow range pending the market and investor reaction to the US Federal Reserve announcement this week.
The euro ticked slightly higher on Friday but remains weak overall, with resistance near 1.17 and a potential drop to 1.14 if support at 1.1550 breaks.
The euro remained flat on Thursday, consolidating below key technical levels, with a break under 1.1550 potentially opening the door to deeper losses toward 1.14.
EUR/USD remains under bearish pressure as traders await US inflation data, with support at 1.1570 and resistance near 1.1730 potentially shaping the next move.
The euro bounced from key support at 1.1550 on Wednesday but remains in a bearish trend, with traders eyeing short-term rallies as selling opportunities.
EUR/USD remains under pressure as risk-off mood lifts the dollar. Momentum signals point lower and sellers stay in control. A sustained rebound likely needs a shift in risk sentiment plus supportive central-bank signals.
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The euro dipped further against the US dollar on Tuesday, with rising US bond demand pushing the greenback higher and exposing EUR/USD to potential declines toward the 1.14 level.
The EUR/USD pair is correcting near key support zones around 1.1600, with Fibonacci levels and technical indicators pointing to a potential bullish rebound if support holds.
The euro remains under pressure after rejecting key technical resistance, with concerns over global growth and a stronger U.S. dollar weighing on EUR/USD sentiment.
EUR/USD is showing signs of a bullish reversal, buoyed by a weaker USD, Fed rate cut expectations, and stabilizing political sentiment in Europe.
The euro reversed early gains on Friday, reinforcing bearish momentum as the pair faces pressure below 1.17 and eyes key support near 1.16.
The euro continues to struggle against key resistance levels as dollar strength holds firm, putting downside targets like 1.1550 and 1.14 back into focus.
