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 during the trading session, perhaps anticipating the ECB meeting.
The bulls are trying to maintain the stability of the EUR/USD pair above the 1.2000 psychological resistance to confirm the bullish rebound.
The euro fell a bit during the trading session on Wednesday to reach down towards the one point to zero level, where it turned around promptly and formed a hammer.
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After the recent bullish waves of the EUR/USD, which pushed it towards the 1.2080 resistance level, the pair is stabilizing around the 1.2030 level as of this writing.
The euro initially tried to rally during the trading session on Tuesday but gave up all of the gains to form a massive shooting star.
The EUR/USD has been moving in an upward correction since the start of trading this week.
The euro has broken above the crucial 1.20 level, an area that has been significant resistance more than once.
The EUR/USD had a bullish weekly closing around the 1.1980 resistance level last week, after attempts to rebound to the upside pushed the pair towards the 1.1995 resistance level.
The euro fluctuated during the course of the trading session on Friday, as we continue to see the 1.20 level as a major barrier.
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The Euro initially rallied during the trading session on Monday but then gave back the gains just below the one point to zero level to show signs of negativity.
For the second week in a row, the price of the EUR / USD currency pair continues to correct upward which is the closest to a breach of the psychological resistance of 1.2000.
The euro has rallied significantly during the course of the trading session on Wednesday, as we have cleared the 50-day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.Risk appetite and a lull in the dollar's gains, despite the better-than-expected results of US inflation figures, contributed to more gains for the EUR/USD.
The euro initially pulled back during the trading session on Tuesday, but then found support underneath the 1.19 level.
For five trading sessions in a row, the price of the euro currency pair against the dollar, EUR / USD, is moving in a limited range.