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 during the trading session on Thursday but gave back the gains to rollover as the 1.11 level has offered enough resistance to turn things around.
For four consecutive trading sessions, the EUR/USD is under downward pressure pushing it towards the 1.1055 support, its lowest level in three weeks.
The Euro initially tried to rally during the trading session on Wednesday but gave back the gains a turnaround and form a bit of an inverted hammer.
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The Euro broke down significantly during the trading session on Thursday, as the ISM Non-Manufacturing PMI figures have been much better than anticipated.
The Euro has broken down during the trading session on Monday yet again, the breakdown a bit as we grind back and forth in seemingly endless meandering
With the beginning of the week's trading, the European single currency, Euro, is up for an important date with the first official remarks by new ECB Governor Christine Lagarde
The Euro has initially fallen during the trading session on Friday as the jobs number came out better than anticipated.
The Euro has rallied it during the month of October, as we continue to chop back and forth.
Pressure on the US dollar against other major currencies increased after the Federal Reserve announced yesterday a cut in US interest rates for the third time in 2019.
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The Euro initially fell during the trading session on Wednesday, but found support of the 1.1075 level again, rallying quite significantly to reach the 1.1150 level.
As we expected from the beginning of this week that the EUR/USD price action will be in a limited range until the Fed's monetary policy decisions are announced.
The Euro initially fell during the trading session on Tuesday, reaching down towards the 1.1075 level underneath.
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The Euro has initially tried to rally during the trading session on Friday, reaching down below the 1.11 level.
During the trading session on Thursday, the Euro went back and forward and all over the place as one would expect