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 has initially tried to rally during the day on Tuesday but has given back quite a bit of the gain, as the area above the 1.08 level is starting to show a lot of resistance.
The EUR/USD initially tried to rally on Monday but could not hang onto the gains.
Last week's trading was generally positive for the course of the exchange rate of the euro currency pair against the US dollar, EUR/USD, as it recorded gains.
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The EUR/USD fell a bit during the trading session on Friday, as we are looking at the 1.08 level as a decision point.
The EUR/USD has finally broken above the 1.08 level during the trading session on Thursday, as the CPI number in the United States came out much as expected.
The exchange rate of the euro currency pair against the US dollar, EUR/USD, is still stable around its highest gains in eight months
The EUR/USD has been rather resilient over the last several sessions, and although we have not had a major breakout yet, it certainly looks as if the market is “leaning” toward the upside.
According to recent trading, the exchange rate of the euro against the dollar (EUR/USD) rose to its highest level since June 2022.
The Euro has rallied ever so slightly on Tuesday to show signs of life again as it looks like we are trying to do everything we can to break above 1.0750.
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The EUR/USD has shot straight up in the air during trading on Monday, as it looks like we are trying to break out.
The EUR/USD exchange rate rose sharply to recover the 1.06 resistance level before the weekend.
The EUR/USD initially dipped a bit during the trading session on Friday, only to turn around and show signs of life again.
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Bears still control the performance of the EUR/USD currency pair, with losses affecting the support level 1.0520, before settling around 1.0618 at the time of writing.
The EUR/USD has rallied a bit during the trading session on Wednesday, as we await the FOMC Meeting Minutes.