The Euro continues to rally significantly, slamming into the 1.1350 region.
Technical Analysis
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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Technical Analysis
Prior to the announcement of the European Union economic forecasts updates on Wednesday, the EUR/USD pair is trying to achieve an upward correction,
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The Euro continues to see a lot of resistance above, especially near the 1.1350 level.
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A positive start to the EUR/USD price performance this week, as it moved towards the 1.1345 resistance, highest level in two weeks,
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The Euro rallied quite significantly during the trading session on Monday to kick off the week, as there was a definite “risk on” attitude around the world.
Technical Analysis
For several consecutive trading sessions, the EUR/USD pair moved in a limited range, technically waiting for a price explosion in one of the two directions,
Technical Analysis
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The Euro fell initially during the trading session on Friday, reaching down towards the lows of the previous session on Thursday before bouncing.
Technical Analysis
The Euro has rallied pretty significantly during the trading session on Thursday but then rolled over to show signs of exhaustion yet again.
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On the daily EUR/USD chart, it is clear that the bears are dominating the performance, and the chances of upward correction are weak,
Technical Analysis
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The Euro initially fell during the trading session on Wednesday, but then shot straight up in the air only to pull back yet again.
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The Euro went back and forth during the trading session on Tuesday, forming a “long-legged doji”, which shows extreme volatility yet extreme uncertainty.
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EUR/USD: US Dollar’s Weaker Value Likely Will Continue In July
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In the beginning of this week’s trading, the EUR/USD pair attempted to correct upwards with gains reaching the 1.1288 resistance
Technical Analysis
The Euro has initially rally during the trading session on Monday, but then gave back quite a bit of the gains once the market reached towards the 1.13 level.
Technical Analysis
After the recent EUR/USD sell-off and in light of the US dollar strength as a safe-haven currency with the beginning of a coronavirus second wave, this pair has moved below the 1.1200 support level.
Technical Analysis