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 exchange rate of the euro against the dollar, EUR/USD, entered the new year 2023 in full swing, during a strong downward momentum.
The Euro has broken down during the trading session on Tuesday as the volume has picked back up.
In a very limited trading session due to the holidays, the price of the EUR/USD currency pair moved in a range between the support level of 1.0658 and the resistance level of 1.0700.
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The EUR/USD has pulled back a bit during the trading session on Monday, but it is probably worth noting that the market is going to continue to see a lot of noisy behavior.
In the last trading week of the year 2022, the performance of the exchange rate of the euro currency pair against the US dollar, EUR/USD, was positive.
As we head into the new year, the Euro has rallied on Thursday to trade to the top of the short-term range that we have been in.
The additional impetus for the EUR comes amid signs that interest rates in the Eurozone will rise more than previously expected.
The EUR/USD has gone back and forth during the session on Wednesday, as we continue to hang around this overall area.
Since the start of trading in the last week of the year 2022 the exchange rate of EUR/USD settled in a narrow range in a neutral position.
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The EUR/USD did almost nothing during the day on Tuesday, which would not be a huge surprise considering that the market must worry about a couple of major holidays.
In light of the global financial markets' holiday on the occasion of Christmas and the lack of liquidity, the exchange rate of the EUR/USD currency pair remained in a limited path
The performance of the exchange rate of the euro currency pair against the US dollar, EUR/USD, remained in a neutral position last week.
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The EUR/USD has spent the entire week trying to rally, but it continues to struggle above the 1.06 level, an area that seemingly is going to continue being important.
After a period of cautious stability in the performance of the price of the EUR/USD currency pair, the bears are preparing to launch the currency pair downward
The EUR/USD has rallied a bit during the trading session early on Wednesday but continues to show signs of exhaustion every time we try to break significantly above the 1.06 level.