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.
Most Recent
The Euro has rallied on Thursday to show signs of continuation in the same range that we have been in.
During the middle of this week's trading, the price of the EUR/USD currency pair is subjected to selling operations.
The EUR/USD currency pair continues to go back and forth without any real direction or conviction one way or the other.
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In recent technical analyses, it was mentioned that the gains of the euro currency pair against the dollar EUR/USD may be subject to sale at any time.
The US dollar strengthened Tuesday as the euro continues to act as a punching bag.
The exchange rate of the euro against the dollar achieved only partial gains compared to the decline of the US dollar in recent days.
The EUR/USD currency pair rallied ever so slightly Monday as we continue to see a lot of noisy behavior.
For two weeks in a row the EUR/USD price tried to bounce higher and get out of the sharp bearish trend that pushed it below the parity price.
The EUR/USD pair went back and forth Friday as we continue to see a lot of noisy behavior.
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The Euro went back and forth during the trading session on Thursday as traders still have no idea what to do about the Federal Reserve.
Every time the EUR/USD price attempts to bounce higher, weaknesses come to remind investors and markets that the euro may remain under downward pressure for a longer period of time.
The Euro rallied a bit during the trading session on Wednesday after the Federal Reserve meeting
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New reports of restricted Russian gas supplies to Europe are adding pain to the euro exchange rate.
The EUR/USD pair initially tried to rally Tuesday, but then rolled over quite drastically to crash below the 1.02 level and continued to fall toward the 1.01 level.
I expect the EUR/USD price to keep moving in narrow ranges until the monetary policy decisions of the US Federal Reserve are announced