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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The euro initially dipped below the 200-Day Exponential Moving Average (EMA) but has since shown signs of resurgence.
The EUR/USD exchange rate entered a shortened week due to turbulence, under pressure near its lowest levels in two months and with key technical support levels in sight
The EUR/USD made an initial attempt to rally during Monday's trading session, but the gains were quickly relinquished due to thin Memorial Day holiday trading.
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The EUR/USD exchange rate experienced volatile trading ahead of last weekend after the US Federal Reserve's (Fed) preferred inflation measure confirmed the continuation of stubbornly rising price
The EUR/USD experienced some gains during Friday's trading session, only to face selling pressure later in the day.
The euro continued its descent during the recent trading session, signaling a potential move towards the 200-Day Exponential Moving Average (EMA).
The continuation of the positive momentum of the US dollar allowed the bears to move the price of the EUR/USD currency pair towards deeper support levels, reaching the 1.0747 support level, the lowest for the currency pair in two months.
During Wednesday's trading session, the EUR/USD showcased a back-and-forth movement, reflecting the ongoing attempts to comprehend the prevailing global dynamics.
The downward path of the EUR/USD currency pair is getting stronger, as the most famous currency pair in the forex market collapsed to the support level 1.0760
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The EUR/USD found a semblance of stability on Tuesday, exhibiting a recovery after an initial decline.
The EUR/USD correction from year-to-date highs appears to have faded in recent trade, leaving intact support levels just below the market on the charts.
The EUR/USD displayed a modest rally during Monday's trading session, reflecting the prevailing noisy behavior in the market.
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The bears succeeded in dragging the price of the EUR/USD currency pair below the psychological support level of 1.0800, with losses towards the support level of 1.0760.
The EUR/USD experienced a rebound during Friday's trading session, indicating a potential period of value hunting.
The EUR/USD experienced a slight decline during Thursday's trading session as the US dollar continued to recover.