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 EUR/USD fell to a five-month low of 1.0622 support amid risk aversion and a negative outlook for the future of ECB policy at the end of last week's trading.
The euro had a very rough Friday, as we broke below the crucial 1.07 level.
Stronger-than-expected US inflation figures and signals of continued tightening of US central bank policy helped bears drive the EUR/USD currency pair towards the 1.0726 support level in Thursday's trading ahead of the European Central Bank's announcement.
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Since the start of trading this week, the EUR/USD currency pair has been attempting to rebound upwards.
By the end of last week's trading, the EUR/USD currency pair declined below the support level of 1.0800, with losses extending to the 1.0791 support level.
The Euro initially fell during the trading session on Friday, slicing through the 200 day EMA before turning around and rallying again, all things being equal.
The euro rallied a bit during the trading session on Thursday, as we continue to see a lot of recovery from the bottom of the overall consolidation area.
According to recent trading, the EUR/USD exchange rate was softer after inflation data for March declined, but it is important to keep in mind that there are inflationary trends that will limit any weakness.
The euro rallied significantly during the course of the trading session on Wednesday.
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Ahead of the release of eurozone inflation figures and then new comments from US Federal Reserve Governor Jerome Powell, the EUR/USD pair continued its strong downward trend.
The Euro initially pulled banks just a bit but at this point in time has turned around the show signs of life during the Tuesday session.
Strong US economic data results at the start of trading this important week allowed bears to drive the EUR/USD currency pair towards deeper support levels.
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The Euro initially tried to rally a bit during the trading session on Monday, but at this point we turned right back around to show signs of hesitation.
As April trading begins, the EUR/USD currency pair remains below the psychological support level of 1.0800, with losses extending to 1.0767, their lowest level in five weeks.
According to forex market trading, the euro against the US dollar EUR/USD stabilized near the psychological support level of 1.0800 at the end of March trading.