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 initially tried to rally towards the 1.14 level during the trading session on Monday but has given back gains rather quickly.
The EUR/USD rate benefited significantly when the European Central Bank indicated in February that a significant shift in its monetary policy may be in the pipeline, and potential differences with the Fed's policy process could eventually help the pair's recovery.
The euro has drifted a little bit lower during the Friday session before heading into the weekend.
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The Euro initially dipped during the trading session on Thursday as we continue to see shenanigans in the Ukraine border.
The relative calm of fears of Russia’s invasion of Ukraine contributed to the recovery of the price of the EUR/USD to the resistance level 1.1395.
The euro rallied just a bit on Wednesday to show signs of life again, but there is a significant amount of supply above that I think comes into the picture.
Attempts of the EUR/USD currency pair compensated for its recent losses, which pushed it towards the 1.1280 support level.
The euro reached towards the 50-day EMA to test that technical indicator, as there was a little bit more of a “risk on” type of attitude around the world as Russian troops, at least some of them, walked away from the Ukrainian border.
The EUR/USD exchange rate suffered a major setback last week.
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The euro initially tried to rally during the early hours on Monday but found the 50-day EMA to offer a little bit of resistance.
We expected that gains in the EUR/USD currency pair would be subject to profit-taking at any time, as the divergence in economic performance
The euro broke through the psychologically and minor structural support level at the 1.14 handle on Friday.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro has gone back and forth on Thursday, initially plummeting below the 1.14 level after the CPI numbers in America came out much stronger than anticipated.
The EUR/USD price may have bottomed out in January and could now be in the process of pulling back in the wake of the European Central Bank's monetary policy decision for February.
The euro rallied just a bit on Wednesday as the 1.14 level has offered a little bit of support.