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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Ahead of today’s Fed and ECB decisions, the EUR/USD currency pair is exposed to selling operations with losses towards the 1.0801 support level before settling around the 1.0865 level
The EUR/USD has pulled back ever so slightly during the trading session on Tuesday but turned around to show signs of life as we are trying to form a bit of a hammer.
EUR/USD entered the new week trading near nine-month highs with room to test psychological resistance at 1.10.
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The euro has been slightly positive during the trading session on Monday, as we continue to wait on the FOMC meeting on Wednesday.
The EUR/USD price pulled back slightly after the relatively weak German economic data.
GBP/USD tried to rally after the US Federal Reserve eased its preferred inflation gauge again, but sterling found plenty of willing sellers as the market continued to favor the US currency ahead of this week's interest rate decisions.
An important and fateful trading week awaits the exchange rate of the euro currency pair against the US dollar EUR/USD where both the European Central Bank and the US Federal Reserve Bank will announce their monetary policy decisions ending with the announcement of the US jobs numbers.
The Euro has done very little during the trading session on Friday, as it looks like we are starting to run out of momentum.
The continued pressure on the US dollar before the announcement of influential US economic data contributed to the bulls achieving more gains for the EUR/USD up to the resistance level of 1.0926.
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The EUR/USD currency pair has rallied slightly on Wednesday as it looks like we are trying to do everything we can to break above the 1.09 level.
EUR/USD is still strong with signs of tightening on the part of European Central Bank officials led by Lagarde.
The EUR/USD had a choppy session on Tuesday, as we continue to see a lot of nonsensical trading.
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The EUR/USD exchange rate entered the new week's trading at its highest level in nine months.
The EUR/GBP rallied a bit during the trading session on Monday, to break into the previous bearish candle that had traders shorting.
Last week's trading in its entirety was characterized by bulls dominating the performance of the EUR/USD currency pair.