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.
Most Recent
The Euro rallied a bit during the trading session on Thursday but continues to find trouble near the 200 day EMA.
The Euro has rolled over a bit during the trading session on Wednesday, reaching down towards the 1.11 handle.
The Euro has rallied of the last couple of weeks as I write this article, but at this point it is still very much in a downtrend. Get the Q1 forecast for EUR/USD here.
Top Forex Brokers
The Euro initially tried to rally during the trading session again on Tuesday but as we have seen multiple times, the market cannot hang out above the 200 day EMA for very long.
The EUR/USD is trying to hold on to its recent gains, that push it towards the 1.1200 resistance, its highest in four months, before settling around 1.1148,
The Euro has rallied a bit during the trading session on Monday, reaching above the 200 day EMA initially.
Yesterday’s PMI data out of the Eurozone showed the recession in the manufacturing as well as services sectors accelerated.
The Euro initially tried to rally during the trading session on Friday but found the same 1.12 level yet again.
The Euro has been all over the place during the trading session on Thursday, as we had in ECB interest rate decision and perhaps more importantly an ECB press conference.
Bonuses & Promotions
The EUR/USD price of got a new impetus in an attempt for an upward correction with gains pushing it to the 1.1144 resistance, the highest level in more than a month.
The Euro initially pulled back a bit during the trading session on Wednesday but found enough support underneath to send the market higher.
The Euro rallied significantly during the trading session on Tuesday, reaching towards the 1.11 handle.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
The Euro rallied a bit during the trading session on Monday but gave back quite a bit of the gains to form a less than impressive candlestick.
The Euro fell during the trading session on Friday, as we continue to see a lot of downward pressure on the common currency.
The positive results of last Friday's US jobs report negatively affected the path of EUR/USD upward correction, as it returned to stability around 1.1055 support at the time of writing and the reaction pushed it to 1.1039. Resuming the move towards 1.1000 psychological support will support the return of the downside force again.