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.
Most Recent
Today's trading session is an important one with the releases of significant US economic data, ahead of the Thanksgiving holiday that will affect liquidity in the markets.
The euro initially tried to rally on Tuesday but gave back gains rather quickly.
European COVID restrictions continue to hurt the euro, and accordingly, the bearish pressure for the EUR/USD continued.
Top Forex Brokers
The euro continued to slide quite a bit lower during the trading session on Monday as we have broken below the 1.1250 level.
Europe's face-off with COVID infections will continue to hurt the Eurozone economy, which is facing other crises like in energy and global supply chains.
The Euro rallied a bit during the course of the trading session on Thursday to break above the top of the hammer from the previous session.
The EUR/USD's attempts to correct upwards are still very weak, as the US dollar's gains are still helped by the imminent raising of US interest rates.
The euro broke down significantly to plunge below the 1.13 handle, reaching towards the 1.1250 level.
The EUR/USD has continued to lose value and is testing long-term support as price velocity downwards has quickened.
Bonuses & Promotions
US retail sales numbers joined the list of releases which are fueling expectations of a raising of US interest rates soon.
The euro initially tried to rally on Tuesday but gave back the gains to go looking towards the 1.13 level.
The EUR/USD continued its biggest decline since late September last week.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The euro plunged yet again on Monday to slice below the 1.14 level.
The downward trajectory of the EUR/USD price is getting stronger due to long-term bearish pressure factors.
The euro went back and forth on Friday to show a bit of hesitation down at the 1.1440 level.