Today's trading session, Wednesday, is the most important for the financial markets in general, and for the EUR/USD currency pair, in particular.
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 experienced a modest rally during Tuesday's trading session, reaching the 1.08 level against the US dollar.
The EUR/USD exchange rate spent six weeks consolidating within a narrow range but may try to breakout to the upside or downside after the US Federal Reserve's interest rate decision
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The EUR/USD started off strong on Monday, with an initial gap up, but then fell drastically to pierce the 50-Day EMA.
Since the middle of last week’s trading, the price of the euro currency pair against the dollar, EUR/USD, has been exposed to selling operations.
The Euro experienced an initial surge during the trading session on Friday, but gains were quickly reversed as the currency broke above the 50-Day EMA.
The EUR/USD showed some bullish behavior during Thursday's trading session, rallying a bit to break back above the 1.06 level.
During yesterday's trading, the euro's exchange rates fell sharply amid new concerns about the banking system in the eurozone
The European Union is grappling with fears of financial contagion following the news that Credit Suisse will not receive additional bailout assistance from Saudi financiers.
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Since the start of this week's trading, the exchange rate of the EUR/USD currency pair is on a rebound path to the upside.
The EUR/USD saw some volatility during the recent trading session, initially dipping below the 1.07 level but ultimately showing signs of life.
The EUR/USD exchange rate rose sharply in the new week and could rise further in the future
The EUR/USD started the week with a gap higher, indicating bullish pressure in the trading session.
Since the middle of last week's trading, the price of the EUR/USD currency pair was in an upward rebound range after it collapsed to the support level of 1.0524.
The Euro has been experiencing some ups and downs in the trading session on Friday, leading to a lot of noisy behavior in the market.
