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
Since the start of this week's trading, the price of the EUR/USD currency pair is in an upward rebound range, with gains that reached the 1.0849 resistance level, which is stable around it at the time of writing the analysis.
The Euro rallied against the USD on Tuesday, breaking above the 1.08 level, but starting to approach an area of serious resistance.
The recovery of the EUR/USD exchange rate in March was undermined last week.
Top Forex Brokers
The Euro struggled at the beginning of Monday's trading session but appears to have found some support to stay afloat.
The exchange rate of the EUR/USD currency pair got rid of a large part of its previous gains in the last session of last week's trading.
The Euro experienced a notable decline during Friday's trading session, plummeting to the 1.07 level.
On Thursday's trading session, the EUR/USD initially rallied, but has since encountered a selling area from which it plunged previously.
It was expected that the US central bank would raise the interest rate by only a quarter of a point in light of a US-led banking crisis due to the course of tightening its policy.
The Euro experienced a slight rally during Wednesday's trading session, testing the 1.08 level, an area known for its previous resistance.
Bonuses & Promotions
Today's trading session, Wednesday, is the most important for the financial markets in general, and for the EUR/USD currency pair, in particular.
The EUR/USD experienced a modest rally during Tuesday's trading session, reaching the 1.08 level against the US dollar.
The EUR/USD exchange rate spent six weeks consolidating within a narrow range but may try to breakout to the upside or downside after the US Federal Reserve's interest rate decision
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD started off strong on Monday, with an initial gap up, but then fell drastically to pierce the 50-Day EMA.
Since the middle of last week’s trading, the price of the euro currency pair against the dollar, EUR/USD, has been exposed to selling operations.
The Euro experienced an initial surge during the trading session on Friday, but gains were quickly reversed as the currency broke above the 50-Day EMA.