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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With the beginning of this important week’s trading, the price of the EUR/USD currency pair continues to maintain the recent rebound gains that pushed it towards the 1.0765 resistance level.
The euro initially tried to rally on Monday but pulled back a bit from the highs.
The Euro has rallied a bit during the trading session on Thursday to reach the 50 Day EMA again.
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We expected that the gains in the EUR/USD price would be temporary, as the price jumped towards the 1.0748 resistance level, following new tightening comments by European Central Bank Governor Lagarde.
The euro fell a bit on Wednesday as the euro ran out of momentum.
After Lagarde’s recent hawkish statements, the price of the EUR/USD currency pair is trying to maintain the gains of those statements
The euro rallied a bit on Tuesday to reach the 50-day EMA.
Coinciding with the beginning of this week's trading, forex currency traders noticed an upward rebound in the price of the euro currency pair against the US dollar, EUR/USD.
The euro rallied quite a bit on Monday, breaking above the 1.06 level.
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Recently, the monetary policy officials of the European Central Bank increased the talk about the most appropriate time to raise interest rates
The euro initially tried to rally on Friday but gave back gains to show signs of hesitation.
After attempts to rebound higher with gains to the level of 1.0564, it returned to decline in its broader path down to the level of 1.0460 at the time of writing the analysis.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro fell a bit on Wednesday as we continue to see more of a “risk-off” type of move in the market.
During the recent trading sessions, we noticed a rebound in the price of the euro currency pair against the dollar, EUR/USD, with gains to the resistance level of 1.0556.
Euro exchange rates were flat at the start of the new week's trading and at least some of the rally can be attributed to comments by a prominent member of the European Central Bank.