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 started out strong during the trading session on Tuesday, reaching the 1.09 level, which is an area of significant resistance.
The beginning of this week’s trading was in favor of completing the selling operations that the EUR/USD currency pair was exposed to since the middle of last week’s trading.
The Euro struggled to maintain momentum during Monday's trading session, falling back below the 1.09 level due to significant overhead resistance.
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At the beginning of last week's trading, the EUR/USD exchange rate slowly made a strong comeback after moving below the parity rate in 2022.
The Euro was relatively quiet on Friday, remaining at an extreme level.
The EUR/USD recent trading activity has been somewhat subdued, with the markets showing a willingness to sit within a particular range.
The Euro made an initial attempt to rally on Wednesday, but it didn't last long as concerns about the economy started to weigh on the currency markets.
EUR/USD has set itself on track for a sixth week of gains to open the new month.
The Euro opened Tuesday’s trading session with a strong push upwards, breaking through the 1.09 level.
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At the beginning of this week's trading, the price of the euro currency pair against the dollar, EUR/USD, compensated for last Friday's losses.
The Euro's recent performance in the trading market has been a mix of ups and downs.
By the end of last week's trading, the month, and the first quarter, the price of the euro fell against the major currencies.
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The EUR/USD initially tried to rally during Friday's trading session but faced some selling pressure above the 1.09 level.
The Euro (EUR) initially dipped against the US dollar (USD) during the Thursday trading session, but then turned around to rally significantly.
Throughout this week's trading, the exchange rate of the EUR/USD currency pair was in an upward rebound range, with gains that reached the 1.0871 resistance level.