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 initially tried to rally initially during the trading session on Wednesday, but then broke down a bit from there to reach towards the 1.11 level underneath.
The Euro has broken down significantly during the trading session on Tuesday, as the 1.12 level continues offer a significant amount of resistance.
The Euro has tried to rally a bit during the trading session on Monday, reaching towards the 1.12 handle.
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The Euro broke down rather significantly during the trading session on Friday, slicing through the 200 day EMA in a bit of a “risk off” type of scenario,
The Euro has initially tried to rally during the trading session on Thursday but then broke down below the 1.12 handle.
The Euro has broken higher during the trading session again on New Year’s Eve, as we are above the 1.12 handle.
The Euro has rallied significantly during the trading session on Monday as traders came back from the weekend.
Throughout last week's trading, the price of the EUR/USD pair rose in an upward correction despite the market being on holidays for Christmas,
The Euro has exploded to the upside during the trading session on Friday, slicing through the 200 day EMA and even reaching towards the 1.12 level.
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US Dollar weakness is accelerating, and the trend is anticipated to gain more momentum in 2020.
The Euro has rallied a bit during the trading session on Thursday as we came back from the Christmas break.
The Euro went back and forth during the trading session on Tuesday, as the Christmas Eve trading of course will have had very little in the way of volume.
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In light of the Christmas and New Year holidays, liquidity in the markets is low, and investors are far from making deals until the markets return to the full nature of their work.
The Euro has broken down a bit during the trading session on Friday, showing signs of exhaustion and has broken through the 50 day EMA a bit.