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 rallied just a bit on Monday to show signs of life again, but at this point, it seems that the market is in a strong downtrend.
The euro took a hit amid another hike in natural gas prices, this time on news of new moves by Russia to restrict supplies to Europe.
The Euro has bounced ever so slightly during the trading session on Friday, limping into the weekend.
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The Euro has broken below the crucial 1.05 level, an area that will attract a lot of attention.
Despite the recent stability of the EUR/USD currency pair's performance, the US dollar continued its strength.
The euro went back and forth on Wednesday as the 1.05 level continues to offer a lot of support.
For the second week in a row, the price of the EUR/USD currency pair is moving in narrow ranges.
The euro initially tried to rally on Tuesday but gave back the gains as we approached the 1.06 level.
The EUR/USD exchange rate was unable to escape from the bottom of its recent low and entered the new week's trading at the risk of further losses.
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The euro went back and forth on Monday as we continue to respect the 1.05 level as support.
The EUR/USD is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.
For three trading sessions in a row, the price of the EUR/USD currency pair tried to rebound higher to compensate for its losses that brought it to its lowest level in five years.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro bounced a bit on Friday as we had initially fallen to reach the 1.05 level.
The Euro has fallen hard during the trading session on Thursday to threaten the 1.05 level.
The EUR/USD exchange rate entered this important new week's trading near five-year lows after the terrible month of April.