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 Wednesday as the 1.14 level has offered a little bit of support.
The euro fell a bit on Tuesday to test the 1.14 level before turning around and showing signs of life.
The EUR/USD exchange rate has entered the new week's trading near three-month highs, but with the momentum behind its rally, the single European currency may now struggle to extend its recovery.
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The euro fell a bit on Monday as it looks like we are struggling to continue the overall momentum.
The euro went back and forth on Friday as we continue to see a little bit of hesitation in this area.
The Euro has broken higher during the course of the trading session on Thursday to break above the 50 day EMA.
Amidst a state of risk appetite that dominated the markets, the EUR/USD exchange rate rose to key technical resistance levels during this week's trading.
The euro rallied a bit on Wednesday as we continue to see the euro move higher against the US dollar.
The euro rallied a bit on Tuesday but also pulled back a bit as the market seems a little less confident about the upside than it did just 24 hours ago.
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The EURUSD price regained the 1.12 resistance at the beginning of this week's trading, but a close group of technical resistance on the charts
Today’s trading started off positive for EUR/USD as the pair jumped to the resistance level of 1.1247. It is bouncing back from the 1.1122 support level that it recorded last week
The euro shot higher against the US dollar on Monday, gaining a bit over 8/10 of a percent.
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With the beginning of the new week’s trading, the price of EUR/USD is still suffering from downward pressure.
The euro went back and forth on Friday as we tried to stabilize after the massive selloff during the Thursday session.
The Euro has broken down rather significantly during the course of the trading session on Thursday as we continue to see a lot of negativity out there.