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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Since the start of trading this week, the EUR/USD currency pair has been stable below the psychological support level of 1.0800.
The Euro faced a decline against the US dollar early in Tuesday's trading session.
The EUR/USD exchange rate is heading towards a decline.
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The Euro faced a decline against the US dollar at the beginning of the trading week.
The EUR/USD currency pair fell to its lowest level in 7 weeks.
The Euro experienced a significant decline during Friday's trading session.
The euro experienced a decline during the trading session on Thursday, briefly falling below the 200-day Exponential Moving Average.
The euro dollar pair fell to the support level of 1.0794 before settling around the 1.0820 level at the start of today's Thursday session.
The euro exhibited significant fluctuations during Wednesday's trading session.
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During yesterday's session, the EUR/USD pair tried to rebound to stop the pace of its losses.
The euro experienced some initial downward movement during Tuesday's trading session but later showed signs of recovery.
The EUR/USD fell below the psychological support level of 1.0800 as we predicted earlier, losing to 1.0795 before stabilizing around 1.0832 at the time of writing.
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You can see the euro initially did try to rally during the trading session on Monday but fell.
The bears' control over the direction of the EUR/USD pair has strengthened, with losses extending to the support level of 1.0812.
The euro experienced a notable rebound during Friday's trading session.