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 rallied again during the trading session on Friday, as we continue to see the juggernaut of this market in full effect.
The Euro has rallied significantly during the trading session on Thursday, showing signs of even more strength
The Euro initially tried to rally during the trading session on Wednesday but found support at the 200 day EMA just as it did during the previous session.
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The Euro rallied again during the trading session on Tuesday as the Federal Reserve cut interest rates by 50 basis points in a surprise move.
The Euro has rallied yet again during the trading session on Monday, reaching towards the 1.1175 level,
The Euro has shot higher during the trading session on Friday, but then broke down a bit only to turn around and rally again.
The Euro has rallied rather significantly during the trading session on Thursday but reached into the massive 1.10 level which of course is a large, round, psychologically significant figure.
The Euro has been all over the place during the Wednesday session, piercing the 1.09 level one point but then pulling back to form a somewhat neutral candle.
The Euro has rallied quite nicely during the trading session on Tuesday again, but is starting to approach a major resistance barrier in the form of the 1.09 level.
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The Euro initially gapped lower to kick off the trading session on Monday, but then turned around to fill that gap.
The Euro has exploded to the upside during the trading session on Friday, as there has been a significant amount of short covering going into the weekend.
The Euro has gone back and forth during the trading session on Thursday, bouncing around the 1.08 level.
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The Euro has broken down significantly during the trading session on Tuesday, slicing through the 1.08 level during the day.
The Euro initially tried to rally during the trading session on Monday, but then rolled over to show signs of exhaustion again.