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.
Most Recent
EUR/USD: Euro’s Past Two Weeks Likely Not the New Normal
The Euro went back and forth during the trading session on Thursday as Jerome Powell finally had his speech from the Jackson Hole symposium.
For four trading sessions in a row, the EUR/USD currency pair was trying to correct upwards, but its gains did not exceed the 1.1844 resistance,
Top Forex Brokers
The Euro initially fell during the trading session on Wednesday but did turn around to show signs of life again by the end of the day.
For the third day in a row, the price of the EUR/USD is trying to correct upwards.
The Euro rallied a bit during the trading session on Tuesday as we have wiped out the losses from Monday.
The Euro initially rally during the trading session on Monday but has fallen quite a bit from the highs in order to form a less than ideal candlestick.
Most of last week’s trading was marked by the downward correction for the EUR/USD, which pushed it towards the 1.1754 support before stabilizing around 1.1800 at the beginning of this week’s trading.
The Euro has fallen hard on Friday but remains within the consolidation area that we have been in for some time.
Bonuses & Promotions
The Euro has gone back and forth during the trading session on Thursday as we continue to see a lot of volatility in general.
The recent strong EUR/USD gains stopped around the 1.1965 resistance, and with technical indicators reaching overbought areas, the profit-taking activities were activated, which pushed the pair towards the 1.1830 support at the time of writing.
The EUR/USD has been displaying a solid bullish trend mid-term, and the price action within the forex pair the past two days demonstrates it can actually produce volatility.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The Euro initially tried to shoot higher during the trading session on Wednesday but has pulled back a bit to show signs of exhaustion above the 1.19 level.
There is a new and exciting move by bulls towards the EUR/USD pair, as it rose towards the 1.1965 resistance, its highest level in two years, before settling around the 1.1930 at the time of writing.
Spain, Italy, Germany, France, and Sweden are the five most infected Covid-19 countries in the European Union.