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 back and forth during the trading session on Friday again, and as a result it is obvious that the market has been dancing around the 1.08 level.
The Euro fell during the trading session on Thursday, reaching towards the 1.0750 level, an area that I think is rather supportive.
The series of negative US economic data results has not ended yet.
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The Euro has rallied a bit during the trading session on Wednesday, reaching towards the 1.09 level before rolling over.
The Euro rallied significantly during the trading session on Tuesday but continues to fail near the 1.09 level and starting at the 1.0850 level.
At the beginning of this week’s trading, despite the gloomy US job numbers, the price of the EUR/USD currency pair fell back to the 1.0800 psychological support area again
The Euro initially tried to rally during the trading session on Monday but gave back quite a bit of the gains as we broke above the 1.08 level.
The Euro rallied a bit during the trading session on Friday but gave back quite a bit of the gains in order to form a bit of a shooting star.
The Euro pulled back a bit during the trading session on Thursday, reaching towards the 1.0750 level.
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The Euro has broken down during the trading session on Wednesday, reaching down towards the 1.0750 level.
The Euro has fallen after initially trying to rally during the trading session on Tuesday.
The Euro initially gapped lower at the open on Monday but then turned around to fill that gap before falling somewhat significantly.
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EUR/USD Bullish correction attempts last week's trading culminated by the rise towards the 1.1018 resistance, the highest level in a month
The Euro rallied initially during the trading session on Friday, reaching slightly above the 1.10 level before pulling back.
While the Eurozone is facing multiple threats to its economy and union alike, it is trumped by increasingly weak US data