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 a bit during the trading session on Wednesday, as we continue to see a lot of volatility in the markets overall.
The last bounce came after the pair collapsed during last week’s trading to the 1.1612 support, its lowest level in more than two months.
The Euro has rallied rather significantly during the trading session on Tuesday, slicing through the 50 day EMA but the market is facing a significant amount of resistance near the 1.1750 level, an area that is important on shorter-term charts.
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For the second day in a row, the EUR/USD currency pair is trying to rebound to the upside after sell-offs that pushed it towards the 1.1612 support, its lowest in two months, and is currently stabilizing around 1.1680, awaiting any new developments.
The Euro initially tried to rally during the trading session on Monday but gave back some of the gains towards the top of the range as the price looks to be a little bit gun shy when it comes to the 1.17 level.
he downward momentum is still dominating the EUR/USD performance at the beginning of an important week as markets await US job numbers.
The Euro initially tried to rally during the trading session on Friday but gave back the gains rather quickly as we reached towards the 1.17 level.
The Euro fell off of a cliff towards the end of the month of September and has left the 1.17 level in the dust.
The Euro has pulled back a bit during the trading session again on Thursday but then turned around to show signs of strength later in the day.
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The bleeding of losses in the EUR/USD continues, and it collapsed at the beginning of Thursday's trading to the 1.1641 support, its lowest level in more than two months.
The Euro has initially tried to rally during the trading session on Wednesday, but then broke down from the 50 day EMA to show signs of massive negativity.
The sharp and continuous EUR/USD selling since the end of last week’s trading pushed it towards the 1.1691 level, its lowest level in two months, before settling around 1.1705 at the time of writing.
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Continuing the downward path of the EUR/USD pair, the pair fell to the 1.1731 support at the beginning of this week’s trading, its lowest level in more than a month, before stabilizing around the 1.1753 level at the time of writing and before the important testimony of US Federal Reserve Governor Jerome Powell Later today.
The Euro initially tried to rally during the trading session on Monday but gave back the gains and crashed towards the 1.17 level.