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 exchange rate remained in focus following reports that former US President Donald Trump is set to return to the White House.
With Trump securing the U.S. presidential win and Pennsylvania confirming his victory, forex market volatility remains heightened.
The EUR/USD exchange rate has settled just below 1.09 ahead of the all-important US presidential vote, but a Donald Trump victory would spark major selling pressure on the currency pair once again.
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The Euro to the US Dollar (EUR/USD) exchange rate recorded its first weekly gain in five weeks after disappointing US jobs figures reinforced bets on a rate cut by the Federal Reserve.
Oct 31, 2024, Analysis of euro price against the dollar EUR/USD
Since the start of this week, the EUR/USD exchange rate has been trading in a neutral range with a slight bearish tendency, stabilizing around and below the support level at 1.0800.
During my daily analysis of the EUR/USD pair, I can see that the 1.08 level continues to be important.
The previous weekend saw some recovery in the euro, suggesting that the dollar's appreciation trend may be nearing exhaustion.
During my daily analysis of the EUR/USD pair, the first thing I see is that we are hanging around the 1.08 level, an area that of course has been important multiple times.
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A week before Fed officials meet to consider the appropriate pace of US interest rate cuts, three major reports are set to show underlying resilience in the US economy and a temporary slowdown in job growth.
My daily analysis of the EUR/USD pair, the market is likely to continue to see a lot of volatility in this area as the 1.08 level is an area that is a large, round, psychologically significant figure, and an area that we have seen a lot of noise previously.
Get the EUR/USD pair recommendation and buy and sell levels for today, October 24, 2024 here.
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Sign up to get the latest market updates and free signals directly to your inbox.The downward trajectory of the euro against the US dollar currency pair EUR/USD is stronger, pushing the most popular currency pair in the forex market towards
The Euro was fairly noisy during the early hours on Wednesday as we continue to dance around just below the 1.08 level.
Reducing expectations for further US rate cuts continues to drag on EUR/USD, with losses extending below the psychological support level of 1.0800 to the support level of 1.0792.