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 following technical analysis we will present the EUR/USD forecast for today, Downward Correction Ahead of Important PMI Readings
The euro experienced back-and-forth movements in the Wednesday trading session, circling the pivotal 1.09 level.
The EUR/USD made an initial attempt to stage a rally during Tuesday's trading session.
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In the following technical analysis we will present the EUR/USD forecast for today, Bulls' Control May Reach a Peak
In the following technical analysis we will present the EUR/USD forecast for today, Bullish Momentum Ahead of An Important Event.
The EUR/USD had another surge during the early hours of Monday's trading session, as the US dollar continued to experience some downward pressure.
In the wake of declining US inflation and shifting interest rate expectations, investors are increasingly embracing risk, propelling the EUR/USD currency pair to new heights, with a keen eye on the upcoming US Central Bank minutes for further insights.
The euro's recent trading activity has been marked by uncertainty and fluctuations.
The EUR/USD displayed a fair amount of noise and confusion in Thursday's trading session, leaving market participants grappling with uncertainty.
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Recently, EUR/USD had rallied to the 1.0888 resistance level, its highest since February, supported from data.
The EUR/USD had a mixed performance during Wednesday's trading session, reflecting the ongoing uncertainty in the currency markets.
The EUR/USD showed signs of strength early on Tuesday as it approached a critical technical indicator, the 200-Day EMA.
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The EUR/USD pair jumped to a two-month high of 1.0887 on the back of lower-than-expected US inflation data and improving German sentiment.
The EUR/USD initially made an attempt to stage a rally during Monday's trading session but subsequently relinquished some of its momentum, displaying signs of indecision.
Due to coordinated directives from several US Federal Reserve officials, the price of the currency pair EUR/USD faced a bearish weekly close.