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 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.
The EUR/USD rallied initially during the trading session on Monday but gave back gains rather quickly as we continue to see the 1.06 level cause some issues.
In all of last week's trading, the price of the EUR/USD currency pair was in an upward retracement.
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The EUR/USD has gone back and forth during the trading session on Friday as we continue to ask serious questions of the 1.06 level.
The EUR/USD has been trying to rally significantly for a while now.
EUR/USD is still trying to hold on to the 1.0500 resistance level, to confirm the bulls' control.
The EUR/USD rallied a bit during the trading session on Wednesday, but as you can see, we continue to bounce around the same area.
For the third day in a row, the price of the EUR/USD currency pair is exposed to selling operations that pushed it towards the support level
The EUR/USD exchange rate entered the new week's trading in full swing with the help of the rise in the renminbi price.
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The EUR/USD initially rallied during the trading session on Monday, reaching the 1.06 level before turning around.
For four consecutive trading sessions, the price of the EUR/USD currency pair has been moving amid an upward retracement with strong gains that reached the 1.0545 resistance level.
The EUR/USD has initially fallen during the trading session on Friday, as the jobs number in the United States came out much higher than anticipated.
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Calming expectations for the future tightening of the European Central Bank's policy after the bloc's recent inflation figures contributed to the continuation of bearish pressure on the EUR/USD currency pair.
The Euro initially tried to rally for the trading session on Wednesday, but it now looks as if it is trying to form some type of “double top” at a very crucial level.
We have often noted that the gains of the EUR/USD currency pair are subject to rapid evaporation, as the discrepancy in the future of tightening the policy of global central banks is still in favor