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 EUR/USD showed some bullish behavior during Thursday's trading session, rallying a bit to break back above the 1.06 level.
During yesterday's trading, the euro's exchange rates fell sharply amid new concerns about the banking system in the eurozone
The European Union is grappling with fears of financial contagion following the news that Credit Suisse will not receive additional bailout assistance from Saudi financiers.
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Since the start of this week's trading, the exchange rate of the EUR/USD currency pair is on a rebound path to the upside.
The EUR/USD saw some volatility during the recent trading session, initially dipping below the 1.07 level but ultimately showing signs of life.
The EUR/USD exchange rate rose sharply in the new week and could rise further in the future
The EUR/USD started the week with a gap higher, indicating bullish pressure in the trading session.
Since the middle of last week's trading, the price of the EUR/USD currency pair was in an upward rebound range after it collapsed to the support level of 1.0524.
The Euro has been experiencing some ups and downs in the trading session on Friday, leading to a lot of noisy behavior in the market.
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The EUR/USD showed signs of hesitation during trading on Thursday, as it initially tried to rally but ultimately gave back early gains.
The outlook for EUR/USD remains somewhat hazy. Despite the rise of the US dollar against all major currencies, it is difficult to imagine strong and lasting gains against some of them, including the euro.
On Wednesday, the EUR/USD experienced a dip below the 200-Day EMA, which prompted value hunters to take notice.
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US Central Bank Governor Jerome Powell reaffirmed that the bank is determined to raise US interest rates further in the future until US prices stabilize.
The EUR/USD currency pair tried to rally on Tuesday but failed near the 1.07 level, which is a large, round, psychologically significant figure.
During Monday's trading session, the Euro experienced a slight rally, but there is still a lot of volatility in the market.