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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For the second day in a row, the EUR/USD pair bounced back upwards after a failed attempt by the bears to reverse the uptrend.
The Euro has rallied a bit during the trading session on Tuesday as we reached towards the 1.19 level yet again.
The positive results of the economic releases received from the Eurozone continue to stimulate the EUR/USD price to hold onto its gains around and above the 1.1800 resistance, which supports stronger control of the bulls and paves the way for a test of the 1.2000 psychological resistance.
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The Euro initially tried to rally during the trading session on Tuesday but found the 1.19 level to be a bit too much to overcome.
For the second day in a row, the EUR/USD price is moving the in the downward correction amid profit-taking after an upward trend that pushed it towards the 1.1908 resistance, the highest level since May 2018.
The Euro fell after initially trying to rally during the trading session on Monday which kicked off the week.
Throughout the July trading, the EUR/USD performance was in a permanent upward correction pushing it to the 1.1908 resistance, the highest level in months.
The Euro rallied a bit to kick off the trading session on Friday but gave back the gains again as the 1.19 level had been a bit too much.
The Euro initially fell during the trading session on Thursday to reach down towards the 1.17 level.
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For three straight trading sessions, the EUR/USD pair stabilized around its highest level since September 2018, at the 1.1781 resistance, before settling around 1.1730 at the time of writing, ahead of the announcement of the results of the most important event for this week, which is the monetary policy decisions of the US Federal Reserve Bank later today.
The Euro has initially tried rallying during the trading session on Tuesday but gave back the gains to test the 1.17 handle.
Complementing the bullish path, the EUR/USD pair started this week’s trading by testing higher highs, and then pushed to the 1.1781 resistance,
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The Euro has rallied significantly during the trading session again on Monday, breaking above the 1.17 level.
The EUR/USD pair last week trading was distinguished.
The Euro continues to rally rather significantly, and at this point that is starting to become a relatively dangerous move.