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 gone back and forth during trading on Friday, as we continue to show a lot of choppiness.
The Euro fell rather hard during the trading session on Monday, slicing through the 1.13 level like it wasn’t even there.
The Euro continued to grind sideways during the month of January, giving it absolutely no reason to think that the market is going to go anywhere in a substantial way anytime soon.
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The Euro initially pulled back during trading on Wednesday but then shot higher from the 50 day EMA.
The Euro initially fell during trading on Wednesday but has seen a bit of support underneath the 1.14 level, to turn around and show signs of life again.
The Euro has been very choppy as of late, bouncing around in a relatively tight range.
One of the most difficult tasks that I have is a technical analyst is to predict the yearly movement of a Forex pair. However, there are some general macro events or issues that can come into play, giving me some things to think about going into the New Year.
The Euro initially tried to rally during trading on Tuesday but broke down from the 1.14 level to test the bottom of a symmetrical triangle that we are currently involved with.
The Euro initially fell during trading on Wednesday but turned around to show resiliency yet again.
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The Euro continues to be very choppy during the month of November, testing the 1.13 handle but it does look as if it is trying to find a bit of support.
The Euro rallied significantly during the trading session on Friday, reaching towards the 1.14 level.
The Euro fell almost immediately on Monday to kick off the week, as we reached below the 1.13 level based upon fears coming out of both Italy and less than desirable economic figures coming out of the European Union in general.
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The month of October wasn’t very good to the Euro, as we broke back towards the recent lows.
The Euro went back and forth during the trading session on Tuesday, dancing above the 1.1450 level yet again. However, we didn’t exactly break out either so I’m not necessarily excited about the Euro.