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 price of the EUR/USD currency pair moved positively yesterday, with gains that reached the resistance level 1.0865, before settling around 1.0810 at the time of writing
The EUR/USD demonstrated a slight initial dip during Wednesday's trading session, in light of the impending Federal Reserve interest rate decision.
The EUR/USD exchange rate rose briefly to its highest levels in June after official data indicated that US inflation was approaching its target and seemed to reduce pressure on the Federal Reserve
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The EUR/USD experienced a slight rally during Tuesday's trading session, reaching the 50-Day Exponential Moving Average.
The exchange rate of the euro against the dollar, EUR/USD, rebounded from its lowest levels in nearly three months in the last sessions.
The EUR/USD had a slight rally during Monday's trading session, continuing to test a short-term range.
By the end of last week's trading, the bulls succeeded in pushing the EUR/USD currency pair, with gains, towards the 1.0788 resistance level, before closing trading around 1.0749
The EUR/USD experienced a slight retreat during Friday's trading session, displaying signs of hesitation near the 1.08 level.
The EUR/USD has displayed a slight rally in Thursday's trading session, finding support once again at the 200-Day Exponential Moving Average (EMA).
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Since the start of this week's trading, the price of the EUR/USD currency pair has been moving in very narrow ranges, with a strong bearish tendency.
During Wednesday's trading session, the EUR/USD initially experienced a decline, breaking below the 200-Day Exponential Moving Average.
Since the start of trading this week, the exchange rate of the euro currency pair against the dollar, EUR/USD, is in a narrow range with a downward tendency.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD had another decline in Tuesday's trading session, reflecting the ongoing presence of turbulent market behavior.
The exchange rate of the euro against the dollar EUR/USD entered trading of the new week, stable near its lowest level in three months.
Investors long in the euro could take some comfort, even as the fragile outlook for the economy continues to chase the single European currency.