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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There is little change in the performance of the euro currency pair against the US dollar EUR/USD amid a week of quiet trading dominated by the bears.
The EUR/USD currency pair initially tried to rally on Wednesday, but came back gains as we got to the top of the previous trading sessions range.
The price of the euro currency pair against the US dollar EUR/USD has been moving along the same path as last week's closing trades since the start of trades this week.
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The EUR/USD exchange rate turned away from 10-month highs last week, leaving expectations hanging in the balance which means it may be lucky if it manages to avoid further declines over the coming days.
The US dollar has been strong against almost everything during the trading session on Monday, which is a continuation of what we have seen since last Thursday.
Throughout last week's trades, the bulls were controlling the performance of the euro currency pair against the US dollar EUR/USD.
The EUR/USD currency pair initially tried to rally, but then got absolutely slammed as the jobs number in the US came out much stronger than anticipated.
The EUR/USD has pulled back ever so slightly during the trading session on Thursday as we are getting close to the non-Farm Payroll announcement on Friday.
As expected, the American central bank slowed down the rate of raising the American interest rate, as inflation in the country showed a decline
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The Euro is trying to break out against the US dollar as we wait for the FOMC announcement and of course the press conference that comes afterwards.
Ahead of today’s Fed and ECB decisions, the EUR/USD currency pair is exposed to selling operations with losses towards the 1.0801 support level before settling around the 1.0865 level
The EUR/USD has pulled back ever so slightly during the trading session on Tuesday but turned around to show signs of life as we are trying to form a bit of a hammer.
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The euro has been slightly positive during the trading session on Monday, as we continue to wait on the FOMC meeting on Wednesday.
The EUR/USD price pulled back slightly after the relatively weak German economic data.