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 extended its gains during a very volatile session on Wednesday, reaching towards the 1.1250 level.
The Euro rallied significantly again during the trading session on Tuesday, after initially pulling back.
The Euro continues to grind higher against the greenback, as the Forex market seems to be focusing more on the idea of European bonds being federalized than anything else.
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Despite the European Central Bank’s acknowledgment that the Eurozone will face a more precipitous than previously considered recession
The Euro has extended gains during the day on Friday, reaching well above the 1.11 handle before pulling back.
The Euro broke higher during the trading session on Thursday as we continue to see the Euro gain from the idea of Germany backstopping the entire Union.
The Euro rallied significantly during the trading session on Wednesday, and even broke above the 200 day EMA at one point.
The Euro has rallied rather significantly during the trading session on Tuesday, reaching towards the 1.10 level.
The Euro currently sits around the 1.09 level, as would be expected as the Memorial Day holiday kept a lot of liquidity away from the markets.
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The Euro has continued its downward plunge from the top of the range that started on Thursday, in what is starting to become somewhat of a familiar pattern.
The Euro went back and forth during the trading session on Thursday, as we have seen the 1.10 level cause issues yet again.
The Euro has rallied significantly during the trading session on Wednesday, reaching towards the 1.10 level.
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The Euro has rallied a bit during the trading session on Tuesday to reach towards the 1.0950 level, and even poked above there at one point early in the session.
The Euro has rallied quite significantly during the trading session on Monday to break through the 50 day EMA, showing signs of strength again.
Throughout last week's trading, the price of the EUR/USD pair was trying to avoid a breakdown below the 1.08 psychological support in order not add to losses, especially with the continued strength of the US dollar as a safe haven.