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 Euro has initially pulled back a bit during the trading session on Friday, but then shot much higher as the Bank of Japan has intervened in the Forex markets.
The euro has fallen against the greenback yet again during the trading session on Wednesday, as the common currency continues to act as a punching bag.
The Euro rallied just a bit during the trading session on Tuesday as we continue to see a little bit of a recovery.
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The Euro has pulled back a bit during the trading session on Friday to wipe out most of the body of the bullish candlestick from the Thursday session.
Since the minutes of the last meeting of the US Federal Reserve did not bring anything new to the financial markets, as the bank is still determined to continue raising US interest rates
The price of the currency pair EUR/USD is still stable in its bearish trend below the support level of 0.9700, near the lowest in 20 years.
The EUR/USD exchange rate has entered the new week's trading in full swing in a bearish market.
The EUR/USD has fallen again during the trading session on Monday as we continue to drift lower.
We expected that the euro's current gains against the US dollar EUR/USD may be subject to collapse at any time.
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The EUR/USD currency pair has recovered during the trading session on Tuesday to reach the parity region.
The EUR/USD exchange rate has not had much cause for cheer lately, but there is a possibility that it will benefit significantly in the coming weeks
During the last three trading sessions last week, the EUR/USD price succeeded in rebounding higher with gains that reached the level of 0.9854.
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The EUR/USD initially fell during the trading session on Thursday but turned around to show signs of life again.
Forex investors are trying to take advantage of the recent collapse of all currencies against the dollar, which jumped to its highest level in 20 years due to expectations of a US interest rate hike.
The EUR/USD has rallied a bit during the training session on Tuesday as we have seen a bit of a relief rally.