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 EUR/USD is trying to correct upwards after plunging to the 1.1665 support level, then rebounding to the 1.1774 resistance level before settling around 1.1760 as of this writing.
The euro was all over the place on Wednesday as we chop around waiting for clarity from the Jackson Hole Symposium about tapering.
The EUR/USD has been trying to correct upwards, but its gains did not break through the 1.1765 level, instead settling around 1.1740 as of this writing.
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The euro fluctuated on Tuesday as we have given back early gains in order to show signs of exhaustion.
The EUR/USD was quick to recover after the recent turmoil in the global markets.
The euro rallied significantly on Monday to kick off the week on the right foot.
The bears triumphed last week as the EUR/USD fell to the 1.1664 support level, its lowest in nine months, before closing trading around 1.1700.
The euro fluctuated on Friday but settled on a bullish candlestick.
The Euro has broken down during the trading session on Thursday after initially trying to turn things around.
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The bearish trend within the USD/EUR remains aggressive and speculators who insist on wagering against the downturn are likely not enjoying the results.
The Euro initially tried to rally during the trading session on Wednesday but give back the gains to turn around and threaten the 1.17 level.
The Euro has gotten hammered during the trading session on Tuesday, as the US dollar gain strength against almost everything.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro has pulled back just a bit during the course of the trading session on Monday as traders come back to work.
The EUR/USD fell to its lowest level of the year last week at 1.1706, and tested 1.1805 on Friday before closing around the 1.1796 resistance.
The euro rallied significantly on Friday to reach towards the 1.18 level.