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 rallied a bit during the trading session on Monday but continues to struggle above the 1.06 level in what can only be described as somewhat lackluster trading.
Throughout last week’s trading, the price of the euro currency pair against the US dollar, EUR/USD, was in an upward trend range.
The EUR/USD initially tried to rally a bit during the trading session on Friday but has given back a bit of the gain to show signs of negativity, and then eventually went negative for the day.
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The EUR/USD rallied during a large portion of the day on Thursday after the ECB raised interest rates by 50 basis points.
It is expected that the US central bank would raise the interest rate by a lesser amount than in previous meetings, in light of a noticeable decline in US inflation
The euro price remained the best performer against the US dollar since the start of trading this week.
The EUR/USD rallied a bit during the trading session on Tuesday, as the CPI number came out at 7.1% year-over-year in the United States.
The EUR/USD exchange rate retained many of November's gains in early December trading, but technical resistance continued to thwart its path above the 1.06 resistance.
The EUR/USD rallied initially during the trading session on Monday but gave back gains rather quickly as we continue to see the 1.06 level cause some issues.
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In all of last week's trading, the price of the EUR/USD currency pair was in an upward retracement.
The EUR/USD has gone back and forth during the trading session on Friday as we continue to ask serious questions of the 1.06 level.
The EUR/USD has been trying to rally significantly for a while now.
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The EUR/USD rallied a bit during the trading session on Wednesday, but as you can see, we continue to bounce around the same area.
For the third day in a row, the price of the EUR/USD currency pair is exposed to selling operations that pushed it towards the support level