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 straight up in the air over the month of July, finally breaking out and changing the overall trend.
The Euro initially pulled back a bit during the trading session on Thursday, but then shot higher again to reach above the 1.16 level before struggling yet again.
Constant pressure on the US dollar and a distinct optimism due to announcing the European stimulus plans, contributed to increasing the pace of gains for the EUR/USD pair,
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The Euro has rallied significantly during the trading session on Wednesday, reaching towards the 1.16 level where we had seen a bit of resistance.
The European Union leaders have agreed on new spending plans worth 1.8 trillion Euros, which includes a 750 billion Euro rescue package to counter the effects of Coronavirus, which will be largely funded through the issuance of European Union bonds.
The Euro had an explosive trading session during the day on Tuesday as we initially dipped.
The EUR/USD pair continued the bullish correction path with the start of this week’s trading until gains reached the 1.1467 resistance, its highest level in four months before settling around the 1.1440 in the beginning of today’s trading.
The Euro has rallied a bit during the trading session on Monday, breaking towards the 1.1450 level yet again.
For two weeks in a row, the EUR/USD pair witnessed an upward correction path that succeeded in having the pair bounce back to the 1.1451 resistance, its highest level in four months.
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The Euro rallied significantly during the trading session on Friday to close towards the top of the range.
The Euro tried to break above the 1.14 handle again during the trading session on Thursday but gave up the gains.
The Euro broke through the 1.14 level during the trading session on Wednesday, an area that has been a massive barrier.
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Sign up to get the latest market updates and free signals directly to your inbox.For four trading sessions in a row, the EUR/USD price is moving in an upward correction range that pushed it towards the 1.1451 resistance.
For the four trading sessions in a row, the EUR/USD is in the range of an upward correction that pushed towards the 1.1423 resistance in early trading today.
The Euro rallied during the trading session, challenging the 1.14 level yet again.