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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In the early hours of Wednesday, the euro did very little as we continue to search for some kind of momentum.
After a period of cautious stability, the price of the EUR/USD pair returned to the support level of 1.0902.
As we attempt to determine the next course of action, the euro continues to see a lot of noise.
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According to forex trading, the EUR/USD exchange rate reached its highest level since January last week.
We are still seeing some hesitation in this pair, and early in Monday's trading session, the Euro saw the formation of a slightly negative candlestick.
The EUR/USD currency pair opened this week's trading stable around the 1.0935 level, as it was at the closing price of last week.
The euro keeps fluctuating, and there is a lot of volatility as the jobs report was slightly lower than expected.
The euro did not move much during Thursday's early hours as we remained near the 1.09 level.
US dollar exchange rates were broadly weaker on the day a US jobs survey revealed that fewer people are leaving their jobs each month to pursue higher-paying job opportunities.
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The market hasn't seemed to have much of a push lately, so the euro has continued to see a lot of sideways action overall.
Amid limited attempts to rebound higher since the start of trading this week, the EUR/USD currency pair may be subject to additional volatility ahead of the European Central Bank's statement later this week.
Over the past several weeks, the euro has showed signs of being rather listless and rudderless.
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The euro has been extremely erratic.
At the start of this crucial week's trading, the EUR/USD currency pair enjoys relatively good support as the European Central Bank's decision approaches.
The EUR/USD currency pair continued its downward trend last week.