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
In Monday's trading session, the EUR/USD exhibited a back-and-forth pattern, leaving traders with numerous questions centered around the critical 1.06 level.
During last week's trading, the bulls' attempts to push the EUR/USD pair higher failed, as the gains did not exceed the resistance level of 1.0695.
After making an initial attempt to rally, the euro experienced a notable decline, steering the market towards bearish sentiment.
Top Forex Brokers
The euro's recent performance has left investors on edge as it once again approaches the pivotal 1.05 level.
The price of EUR/USD is exposed to profit-taking selling operations after testing the 1.0695 resistance level at the beginning of this week’s trading.
In Wednesday's trading session, the EUR/USD made another attempt to gain ground but encountered persistent challenges, reinforcing the prevailing negativity in the market.
After attempts to rebound higher, the EUR/USD currency pair returned to stability on its broader downward path around less than the 1.0600 level.
The EUR/USD faced a turbulent trading session on Tuesday, as it attempted to break above the 50-Day Exponential Moving Average.
The EUR/USD tried to rebound higher with gains that reached the resistance level of 1.0650, which is its highest level in a month.
Bonuses & Promotions
The rebound gains for the EUR/USD did not exceed the resistance level of 1.0616 before it closed the week’s trading stable around the 1.0594 level.
In Friday's trading session, the EUR/USD experienced a slight retreat, only to rebound and display signs of renewed momentum.
The EUR/USD showed a slight rally during Thursday's trading session, but the market remains turbulent.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Geopolitical tensions in the Middle East region are still negatively affecting the performance of the price of the EUR/USD currency pair today.
During the Wednesday session, the euro showed signs of initial strength but subsequently retraced, reflecting the prevailing downward pressure in the market.
The EUR/USD had an eventful trading session on Tuesday, initially stumbling but then staging a modest recovery.