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 has bounced from the crucial support level based upon an uptrend line and of course the round figure of 1.19 just below.
For the second week in a row, the bulls tried to launch the EUR/USD price above the 1.2000 psychological resistance, to break out of its last bearish channel.
The euro continues to go back and forth overall, as we are hanging around at the 1.19 level.
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The euro has seen a lot of selling pressure come in during the day on Thursday as the US bond market continues to sell off, driving yields much higher.
The EUR/USD has continued its downward correction, reaching the 1.1886 support level, near its lowest level in nearly four months.
The EUR/USD pair has been in a downward correction that pushed it towards the support level of 1.1882 before settling around 1.1906, in an attempt to benefit from disappointing US retail sales numbers.
The euro fluctuated during the course of the trading session on Tuesday as we continue to see the 1.19 level offer a little bit of support.
The EUR/USD pair started trading this week under bearish pressure, stable around the 1.1925 support level as of this writing.
The Euro has fallen just a bit during the trading session on Monday to reach down towards the 1.19 handle before bouncing.
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The bullish rebound attempts of the EUR/USD pair during last week’s trading did not breach the psychological resistance of 1.2000 and closed trading steady around 1.1951.
The EUR/USD continues to see the 1.19 level as a place where there would be buyers jumping in.
The Euro rallied significantly during the trading session on Thursday after the press conference from the ECB suggests that they are going to print more money, but not necessarily do a lot in a committal way.
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Sign up to get the latest market updates and free signals directly to your inbox.For the second day in a row, the EUR/USD is trying to benefit from market optimism stemming from the passage of the US stimulus bill and global vaccinations.
The Euro initially pulled back during the trading session on Wednesday, but then turned around to show signs of life again as we have formed a hammer.
A temporary stall in the gains of the US dollar contributed to a limited upward correction for the EUR/USD since yesterday's trading.