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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For the second day in a row, the price of the EUR/USD currency pair is trying to bounce up and get out of the sharp bearish channel that dominates the performance in the recent period.
The euro broke higher on Wednesday as rumors broke out that perhaps the Russians and the Ukrainians could come to some type of peace agreement.
The EUR/USD rose in the overnight session as the new round of talks between Russia and Ukraine continued in Turkey.
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The EUR/USD exchange rate's recovery from early March lows stalled last week, causing the single European currency to partially reverse some of its gains ahead of the weekend
The euro fell a bit to kick off the Monday session before turning around and bouncing a bit.
The euro rallied initially during the day on Friday and then gave up the gains to form a less-than-impressive candlestick.
For the third day in a row, the market has pulled back just a bit, but it seems as if we are going to continue to see buyers in the region of the 1.0975 handle.
It seems clear that the price of the EUR/USD currency pair is moving in narrow ranges in the recent trading sessions.
The euro pulled back just a bit on Wednesday to break below the 1.10 level before turning right back around and recapturing that area.
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Prospects for a peaceful settlement in Ukraine have declined significantly this week and is likely to keep the euro under pressure in the near term, analysts say.
The euro fell a bit on Tuesday, only to find buyers and form a bit of a hammer.
The EUR/USD exchange rate recovered more than last week from two-year lows, but with multiple layers of resistance looming on the charts
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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 Monday to show signs of weakness right away.
Before the end of last week’s trading, the price of EUR/USD succeeded in achieving cautious gains that brought it to the resistance level of 1.1137.
The euro initially tried to rally on Friday to break above the crucial 1.11 level.