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 found a semblance of stability on Tuesday, exhibiting a recovery after an initial decline.
The EUR/USD correction from year-to-date highs appears to have faded in recent trade, leaving intact support levels just below the market on the charts.
The EUR/USD displayed a modest rally during Monday's trading session, reflecting the prevailing noisy behavior in the market.
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The bears succeeded in dragging the price of the EUR/USD currency pair below the psychological support level of 1.0800, with losses towards the support level of 1.0760.
The EUR/USD experienced a rebound during Friday's trading session, indicating a potential period of value hunting.
The EUR/USD experienced a slight decline during Thursday's trading session as the US dollar continued to recover.
The strong downward pressure on the price performance of the EUR/USD currency pair continues with losses past the 1.0810 support level before settling around the 1.0840 level at the beginning of Thursday's trading.
The EUR/USD experienced a slight decline against the US dollar during Monday's trading session, as negative pressure persists.
Positive US retail figures and weak economic confidence in the euro zone, led by Germany, are factors that contributed to the downward pressure on the performance of the EUR/USD currency pair.
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The EUR/USD experienced an initial attempt at a rally during Tuesday's session, but the gains were ultimately relinquished amid the prevalent noisy market behavior around the 50-Day Exponential Moving Average (EMA).
The EUR/USD exchange rate rose to stand back near one-month lows as we open this week.
The EUR/USD displayed a modest rally in Monday's trading session, as volatility remains a prominent feature in the Forex markets.
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The EUR/USD made an initial attempt to rally during Friday's trading session but quickly relinquished its gains.
The EUR/USD faced a modest decline in Thursday's trading session, reflecting the prevailing noisy behavior observed in the market.