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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Despite the recent hawkish signals from the European Central Bank and halting the pace of the record US dollar gains, the rebound gains for the EUR/USD currency pair did not exceed the 1.0113 level by the end of last week’s trading.
The EUR/USD did rally a bit during the trading session on Friday, but also gave back quite a bit of the gains to show just how weak this market is.
The EUR/USD has gone back and forth during the trading session on Thursday as we continue to hang around the parity level.
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The markets await a new rate hike announcement from the European Central Bank, the tone of its policy statement and the statements of the ECB governor
The EUR/USD rallied rather significantly during the trading session on Wednesday to test the parity level.
After returning from the American holiday, the positive activity of the US dollar increased again.
The EUR/USD has gone back and forth during the trading session on Tuesday as we continue to see plenty of volatility on short-term charges.
The EUR/USD exchange rate was relatively better last week, but it may struggle to avoid being the weakest performer this time in crystallizing risks to energy supplies and economies in Europe
The EUR/USD has broken down a bit during the trading session on Monday but turned around to show signs of life.
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The initial reaction of the EUR/USD to the jobs number in the United States was bullish, but by the time everybody went home for the weekend, it started selling it off again.
Amid the continuation of the downward trend of the EUR/USD pair, it will react this week to the announcement of the updated monetary policy decisions of the European Central Bank.
The Euro has fallen hard during the trading session on Thursday as we are now below the parity level yet again.
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This week, the EUR/USD fell to the support level of 0.9900, the lowest in 20 years.
The EUR/USD has drifted a little bit higher during the training session on Wednesday, as we continue to dance around the parity level.
The EUR/USD reached its lowest levels in the long term last week and will face a battle to hold above a level close to technical support around 0.9911 on the charts in the coming days.