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
Last week's exciting trading was generally bearish for the performance of the price of the EUR/USD currency pair.
The euro witnessed an intriguing trading session on Friday, displaying a mix of bearish and bullish signals that have captured traders' attention.
During the Thursday trading session, the focus is firmly set on the European Central Bank (ECB) as rumors of an interest rate hike circulate in the financial markets.
Top Forex Brokers
The price of the euro against the US dollar, EUR/USD, interacted with yesterday's important event, which was the US Federal Reserve's announcement to raise interest rates by a quarter of a point, as was expected.
The euro displayed a mild rally during Wednesday's trading session as market participants eagerly awaited the Federal Reserve's announcement later in the day.
It is too early to bet on the euro as the European Central Bank's monetary policy meeting tomorrow, Thursday, is likely to keep the door open for another rate hike in September, according to Fouad Razakzadeh, an analyst at City Index.
In Tuesday's trading session, the euro experienced an early pullback, igniting discussions about the strength of the US dollar and its potential trajectory.
The EUR/USD exchange rate entered the new week's trading under pressure and is likely to be at risk of deeper losses.
The euro experienced a pullback in Monday's trading session, as market participants grapple with the question of whether the US dollar will continue to strengthen or if this is merely a temporary retracement.
Bonuses & Promotions
Amidst a downward correction, the price of the EUR/USD receives the monetary policy decisions of both the European Central Bank and the US Federal Reserve this week.
Friday's trading session for the euro was marked by limited movement, which, in itself, could be interpreted as a bullish sign, considering the previous day's tumultuous performance
The EUR/USD has recently experienced a modest rally, surpassing the 1.1250 level.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.During yesterday's trading session, the price of the euro currency pair against the US dollar, EUR/USD, was exposed to limited selling operations that pushed it towards the 1.1175 level.
The EUR/USD displayed a modest rally during Wednesday's trading session, surpassing the 1.1250 level but revealing signs of hesitation.
Since the start of this week's trading, the price of the EUR/USD currency pair maintained the gains of the recent bullish rebound, with gains that reached the 1.1275 resistance level.