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 has rallied rather significantly during the trading session on Thursday to reach towards the 1.11 handle.
The Euro initially rallied during the trading session on Wednesday, but then pulled back a bit from the highs.
The price of the EUR/USD currency pair may continue to move in narrow ranges until the US Federal Reserve announces the update of its monetary policy decisions.
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The euro initially tried to rally on Tuesday but has given up gains yet again as we continue to see the downtrend strengthen from a longer-term standpoint.
For two days in a row, the price of the EUR/USD currency pair is trying to recover higher, stable around the 1.0985 level.
The euro rallied just a bit on Monday to kick off the week, threatening the 1.10 level.
The price of the EUR/USD currency pair was not happy with the bullish rebound attempts last week. It
The euro initially tried to rally on Friday but gave back gains above the 1.10 level as we continue to see a lot of negativity out there.
The Euro initially tried to rally during the trading session on Thursday but gave back gains near the 1.11 handle.
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Amid a state of cautious optimism for the easing of fears about the prolongation of the Russian-Ukrainian war, the price of EUR/USD attempted to rebound higher
For the second day in a row, the price of the EUR/USD currency pair is trying to recover from the recent collapse that pushed it towards the 1.0806 support level, its lowest since May 2020.
The price of the euro against the dollar entered the new week’s trading near its lowest level in two years and may be subject to more losses.
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At the end of last week's trading, the EUR/USD exchange rate fell by a full percentage to reach the 1.0885 support level, its lowest since May 2020.
The euro broke significant support on Friday as we have seen a stronger-than-anticipated jobs number in the United States.