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 did almost nothing during the day on Tuesday, which would not be a huge surprise considering that the market must worry about a couple of major holidays.
In light of the global financial markets' holiday on the occasion of Christmas and the lack of liquidity, the exchange rate of the EUR/USD currency pair remained in a limited path
The performance of the exchange rate of the euro currency pair against the US dollar, EUR/USD, remained in a neutral position last week.
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The EUR/USD has spent the entire week trying to rally, but it continues to struggle above the 1.06 level, an area that seemingly is going to continue being important.
After a period of cautious stability in the performance of the price of the EUR/USD currency pair, the bears are preparing to launch the currency pair downward
The EUR/USD has rallied a bit during the trading session early on Wednesday but continues to show signs of exhaustion every time we try to break significantly above the 1.06 level.
The EUR/USD has rallied a bit during the trading session on Tuesday, as we continue to hang around just above the 1.06 level.
The EUR/USD has rallied a bit during the trading session on Monday but continues to struggle above the 1.06 level in what can only be described as somewhat lackluster trading.
Throughout last week’s trading, the price of the euro currency pair against the US dollar, EUR/USD, was in an upward trend range.
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The EUR/USD initially tried to rally a bit during the trading session on Friday but has given back a bit of the gain to show signs of negativity, and then eventually went negative for the day.
The EUR/USD rallied during a large portion of the day on Thursday after the ECB raised interest rates by 50 basis points.
It is expected that the US central bank would raise the interest rate by a lesser amount than in previous meetings, in light of a noticeable decline in US inflation
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The EUR/USD rallied a bit during the trading session on Tuesday, as the CPI number came out at 7.1% year-over-year in the United States.
The EUR/USD exchange rate retained many of November's gains in early December trading, but technical resistance continued to thwart its path above the 1.06 resistance.