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 experienced significant volatility on Friday, driven by the release of the Non-Farm Payroll figure, which exceeded expectations by nearly double.
During Thursday's trading session, the EUR/USD experienced a slight decline, raising questions about the currency's performance.
The euro's exchange rates came under pressure after a batch of less-than-expected data from the euro-zone indicated that pressure to raise interest rates at the European Central Bank was easing.
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During Wednesday's trading session, the euro experienced a slight decline, testing the 200-Day EMA once again.
This is a new bearish trading week for the price path of the EUR/USD currency pair.
The euro initially dipped below the 200-Day Exponential Moving Average (EMA) but has since shown signs of resurgence.
The EUR/USD exchange rate entered a shortened week due to turbulence, under pressure near its lowest levels in two months and with key technical support levels in sight
The EUR/USD made an initial attempt to rally during Monday's trading session, but the gains were quickly relinquished due to thin Memorial Day holiday trading.
The EUR/USD exchange rate experienced volatile trading ahead of last weekend after the US Federal Reserve's (Fed) preferred inflation measure confirmed the continuation of stubbornly rising price
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The EUR/USD experienced some gains during Friday's trading session, only to face selling pressure later in the day.
The euro continued its descent during the recent trading session, signaling a potential move towards the 200-Day Exponential Moving Average (EMA).
The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support levels, reaching the 1.0747 support level, the lowest for the currency pair in two months.
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During Wednesday's trading session, the EUR/USD showcased a back-and-forth movement, reflecting the ongoing attempts to comprehend the prevailing global dynamics.
The downward path of the EUR/USD currency pair is getting stronger, as the most famous currency pair in the forex market collapsed to the support level 1.0760
The EUR/USD found a semblance of stability on Tuesday, exhibiting a recovery after an initial decline.