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 gone back and forth during the course of the trading session on Tuesday, as we were testing the previous uptrend line.
After the announcement of the improvement in US President Trump's health condition after suffering from Coronavirus symptoms and his quick admission to the hospital to conduct the necessary tests and take some vaccines.
The Euro rallied significantly during the trading session on Monday, testing the bottom of a trend line that had recently been important.
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EUR/USD attempts a bullish rebound in a limited range and did not exceed 1.1770 resistance after it retreated in the previous week to the 1.1612 support, its lowest level in more than two months.
The Euro fell during most of the session but did find marginal support at the 1.17 level.
The Euro initially tried to rally during the trading session on Thursday, especially after a few blurbs came out that the UK and the EU were optimistic about reaching some type of Brexit terms.
After three trading sessions in a row, the EUR/USD pair moved in an upward correction performance that tested the 1.1755 resistance.
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.
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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.
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.
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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.