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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Recently, the euro experienced a downward movement toward the 50-Day Exponential Moving Average before displaying signs of a potential rebound.
Stability and tight trading is what characterizes the performance of the EUR/USD currency pair since the start of trading this week, amid a bearish momentum
The EUR/USD rallied slightly in Monday's trading session as upward pressure remains a prominent theme.
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Before the end of last week's trading, the exchange rate of the euro against the dollar (EURUSD) came under noticeable pressure.
The EUR/USD experienced a significant decline during Friday's trading session, approaching the 50-Day Exponential Moving Average.
The EUR/USD has exhibited a bullish trend in recent weeks, although its trajectory has become increasingly volatile.
Despite US Central Bank Governor Jerome Powell's assertion of the possibility of raising US interest rates throughout the year 2023 until inflation is contained
The EUR/USD exhibited back-and-forth movement during Wednesday's trading session as it attempts to alleviate some of the excessive volatility.
On Tuesday, the EUR/USD experienced a back-and-forth trading session, with the currency hovering around the 1.09 level.
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At the beginning of this week's trading that the price of the euro currency pair against the dollar, EUR/USD, may continue to move in narrow ranges
The EUR/USD exchange rate trimmed May's losses in last week's trading, but the rise has already stopped near a stubborn level of technical resistance on the charts.
During Monday's trading session, the EUR/USD experienced a slight pullback as market participants sought to determine whether the upward momentum can be sustained.
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By the end of last week's trading, the euro traded relatively stable against the dollar, after significant gains on Thursday.
The EUR/USD exhibited a slight rally during early trading on Friday, benefiting from the ongoing softening of the US dollar.
The EUR/USD experienced a significant surge during Thursday's trading session, breaking past the crucial 1.09 level.