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 fell during the trading session on Friday, only to turn around and show signs of strength as investors appeared willing to take a little risk off ahead of the weekend.
The EUR/USD has seen some volatility during the trading session on Thursday, but it appears that the market is favoring the upside in the short term.
The EUR/USD has rallied slightly during Wednesday's trading session, attempting to reach above the 1.1050 level.
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Since the start of this week’s trading, the price of the euro currency pair against the US dollar, EUR/USD, tried to maintain its gains above the psychological resistance of 1.1000.
The EUR/USD initially tried to rally during Tuesday's trading session but showed signs of hesitation as the market appears to be overstretched.
The EUR/USD exchange rate held most of its gains in April in recent trading
The EUR/USD has been trading in a tight range against the US dollar (USD) in recent sessions, with the psychologically important 1.10 level acting as a key resistance level.
In the midst of limited trading last week, the price of the EUR/USD currency pair moved in a range between the support level 1.0909 and the resistance level 1.0993
The EUR/USD experienced some volatility during Friday's trading session, pulling back before ultimately showing signs of life.
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During Thursday's trading session, the EUR/USD saw a slight rally amidst choppy and noisy behavior.
For four consecutive trading sessions, the price of the EUR/USD currency pair settled in a narrow range, with a bearish tendency
The EUR/USD experienced a pullback during Wednesday's trading session, although there is still a lot of market noise around the 1.09 level, which is a significant psychological area that has seen a lot of recent activity.
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For the second day in a row, the price of the euro currency pair against the US dollar, EUR/USD, is trying to compensate for its recent losses.
EUR/USD ran aground after a one-month rally and may now consolidate its recent gains this week, but with potential buyers already lining up the decline.
The EUR/USD has fallen below the 1.10 level during Monday's trading session, and the market continues to see a lot of noise.