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 fell again on Friday and even closed at the very low of the range.
The Euro rallied a bit on Thursday as Christine Largarde suggested that the economy could come roaring back next year.
The Federal Reserve's decision to end its purchase program and raise US interest rates next year was priced in by the markets, which prompted the EUR/USD to increase its losses to the 1.2221 support level before rebounding and settling around the 1.2290 level as of this writing.
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The euro fell a bit on Wednesday as we awaited the results of the Federal Reserve meeting.
Today's trading session is important for the EUR/USD, as the US Federal Reserve will announce its decision regarding tightening its monetary policy.
The euro initially tried to rally on Tuesday but gave back early gains to show signs of weakness again.
The EUR/USD did not change much last week, but it could see more volatile trading during the coming days after policy decisions of the Federal Reserve (Fed) and the European Central Bank (ECB).
The euro fell a bit on Monday, reaching down towards the lows of the Friday session.
This week will be an impactful one for the year, so there will be reactions to its events and economic data.
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The euro initially fell on Friday but turned around to recover again and reach towards 1.1350 level.
The Euro has fallen rather hard during the trading session on Thursday, wiping out most of the gains from Wednesday.
Amid the relatively calm state of risk aversion, the EUR/USD gained some momentum and moved to the 1.1340 level, after recent selloffs pushed the pair towards the 1.1227 support level this week.
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The euro is still suffering from weak investor sentiment and strong demand for safe havens.
The euro fell during the better part of Tuesday but continues to see buyers trying to pick up bits and pieces of value.