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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Amid investor optimism that European leaders will be able to reach an agreement by the end of this week to pass the urgent stimulus plans to revive the European economy, the EUR/USD pair started this week’s trading on the rise, reaching the 1.1374 resistance after closing last week's trading below the 1.1300 level.
The Euro rallied again during the trading session on Monday, breaking well above the 1.1350 level before giving up all of those gains in what has been a familiar pattern: The Euro rallying towards the 1.14 level and then pulling back.
Throughout last week’s trading, the EUR/USD pair attempted to exploit investors giving up the USD despite fears of new Coronavirus cases.
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The Euro went back and forth during the trading session on Friday as we tried to figure out where to go next.
The Euro rallied a bit during the trading session on Thursday initially but turned around and the 1.1350 area yet again to show signs of exhaustion.
For the fourth consecutive day, the EUR/USD continues to correct upward with gains that pushed it towards the 1.1370 resistance, its highest level in a month, where it is stable around at the time of writing.
The Euro continues to rally significantly, slamming into the 1.1350 region.
Prior to the announcement of the European Union economic forecasts updates on Wednesday, the EUR/USD pair is trying to achieve an upward correction,
The Euro continues to see a lot of resistance above, especially near the 1.1350 level.
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A positive start to the EUR/USD price performance this week, as it moved towards the 1.1345 resistance, highest level in two weeks,
The Euro rallied quite significantly during the trading session on Monday to kick off the week, as there was a definite “risk on” attitude around the world.
For several consecutive trading sessions, the EUR/USD pair moved in a limited range, technically waiting for a price explosion in one of the two directions,
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro fell initially during the trading session on Friday, reaching down towards the lows of the previous session on Thursday before bouncing.
The Euro has rallied pretty significantly during the trading session on Thursday but then rolled over to show signs of exhaustion yet again.
On the daily EUR/USD chart, it is clear that the bears are dominating the performance, and the chances of upward correction are weak,