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 Stoxx 50 went sideways over the last three trading sessions as we hang about the €3750 region.
With the beginning of this important week's trading, the price of the EUR/USD currency pair is trying to recover from last week's sharp losses,
The euro plunged on Friday to show signs of weakness yet again but did recover a bit towards the end of the day.
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The Euro has rallied a bit during the trading session on Thursday but gave back the gains to form an inverted hammer.
The US Federal Reserve confirmed that it is ready to raise US interest rates strongly during the year, and thus the strength of the US dollar increased against the rest of the other major currencies.
The euro fell after initially trying to rally on Wednesday, as we continue to see plenty of downward pressure.
For four trading sessions in a row, the price of the EUR/USD currency pair moved amid a bearish momentum that reached the support level at 1.0900.
The euro fell again on Tuesday as we have broken through the 1.0950 level.
For four trading sessions in a row, the price of the euro currency pair EUR/USD was subjected to correctional selling after its recent gains towards the 1.1185 resistance.
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The Euro has fallen again during the trading session on Monday to kick off the week on the back foot yet again.
The euro has fallen a bit on Friday to break below the 1.1050 level, which suggests that we are ready to go to the 1.10 level after that.
During last week’s trading, the price of the EUR/USD currency pair attempted to rebound to the upside.
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The Euro initially tried to rally during the trading session on Thursday but gave back the gains to show signs of weakness.
For three trading sessions in a row, the price of the EUR/USD currency pair is moving amid an upward momentum.
The Euro has tested the 50 Day EMA yet again during the trading session on Wednesday, just as it did during the Tuesday session.