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 rallied significantly during the trading session on Thursday, reaching towards the 1.10 level
The Euro rallied significantly during the trading session on Wednesday, reaching towards the top of the candlestick from the previous session, and at this point it looks like we are going to continue to see a lot of noise.
The EUR/USD pair tried to take advantage of investors’ giving up the dollar as a safe haven, and therefore there was an opportunity for an upward correction,
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The Euro rallied significantly during the trading session on Tuesday but give back all of the gains essentially to form a massive shooting star.
The Euro rallied a bit during the trading session on Monday but then turned right back around to form a bit of a shooting star against the greenback.
The Euro went back and forth during the trading session on Friday, showing a bit of a neutral candlestick.
The Euro initially tried to rally during the trading session on Thursday but gave back quite a bit of the gains as the market reached towards the 1.0850 level.
The Euro initially tried to rally during the trading session on Wednesday but found enough resistance just below the 1.09 level to rollover
A recent poll revealed that almost 50% of surveyed economists believe the US will enjoy a U-shaped recovery sooner than expected
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The Euro has gone back and forth during the trading session on Tuesday, simply because we are hanging around a very highly contested area.
The Euro has gone back and forth during the trading session on Monday, as we continue to see a lot of noisy trading behavior.
The Euro initially fell a bit during the trading session on Friday but then turned around to rally as the market reached towards the 1.09 level.
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After a series of failed meetings between Eurozone finance ministers, highlighting deep divisions, and lack of unity within the currency union,
The Euro broke down rather significantly during the trading session on Wednesday but did bounced significantly to recover quite a bit of the losses.