Amidst a downward correction, the price of the EUR/USD receives the monetary policy decisions of both the European Central Bank and the US Federal Reserve this week.
Technical Analysis
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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Technical Analysis
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Friday's trading session for the euro was marked by limited movement, which, in itself, could be interpreted as a bullish sign, considering the previous day's tumultuous performance
Technical Analysis
The EUR/USD has recently experienced a modest rally, surpassing the 1.1250 level.
Technical Analysis
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During yesterday's trading session, the price of the euro currency pair against the US dollar, EUR/USD, was exposed to limited selling operations that pushed it towards the 1.1175 level.
Technical Analysis
The EUR/USD displayed a modest rally during Wednesday's trading session, surpassing the 1.1250 level but revealing signs of hesitation.
Technical Analysis
Since the start of this week's trading, the price of the EUR/USD currency pair maintained the gains of the recent bullish rebound, with gains that reached the 1.1275 resistance level.
Technical Analysis
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In Tuesday's trading session, the euro displayed a modest rally, breaching the 1.1250 level but exhibiting signs of uncertainty.
Technical Analysis
The EUR/USD exchange rate entered the new week's trading at its highest level since the invasion of Ukraine, but technical resistance near 1.1273 and above on the charts could thwart the recovery
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The euro's recent remarkable surge has encountered a temporary roadblock as upward momentum slows down.
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The euro's upward momentum encountered resistance on Friday, following a remarkable surge over the past few days.
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The EUR/USD started the trading session on Thursday with an attempt to rally, indicating the potential for further upward movement.
Technical Analysis
The exchange rate of the euro against the dollar (EURUSD) rose by a percentage, reaching its highest level in 16 months at the resistance level of 1.1140.
Technical Analysis
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The EUR/USD demonstrated significant strength during Wednesday's trading session, indicating an attempt to surpass the crucial 1.11 level.
Technical Analysis
For four consecutive trading sessions, the price of the EUR/USD currency pair received a strong bullish momentum.
Technical Analysis
In Tuesday's trading session, the EUR/USD made an initial attempt to rally but encountered resistance near the 1.10 level, signaling the presence of an ongoing consolidation phase.
Technical Analysis