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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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
The EUR/USD exchange rate entered the new week's trading in full swing with the help of the rise in the renminbi price.
The EUR/USD initially rallied during the trading session on Monday, reaching the 1.06 level before turning around.
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For four consecutive trading sessions, the price of the EUR/USD currency pair has been moving amid an upward retracement with strong gains that reached the 1.0545 resistance level.
The EUR/USD has initially fallen during the trading session on Friday, as the jobs number in the United States came out much higher than anticipated.
Calming expectations for the future tightening of the European Central Bank's policy after the bloc's recent inflation figures contributed to the continuation of bearish pressure on the EUR/USD currency pair.
The Euro initially tried to rally for the trading session on Wednesday, but it now looks as if it is trying to form some type of “double top” at a very crucial level.
We have often noted that the gains of the EUR/USD currency pair are subject to rapid evaporation, as the discrepancy in the future of tightening the policy of global central banks is still in favor
The EUR/USD currency pair initially tried to rally against the US dollar on Monday but found the 1.05 level to be a bit too much to get beyond.
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The Euro continues to do very little, although the last couple of days have been greatly influenced by the Thanksgiving holiday in the United States.
For two days in a row, the price of the EUR/USD currency pair is trying to rebound to the upside.
The EUR/USD rallied again during the trading session on Monday, as the PMI figures coming out of the United States showed contraction.
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Despite the recent gains of the EUR/USD currency pair, which recently affected the resistance level 1.0482, it stabilized after selling operations around the level of 1.0292 at the time of writing the analysis.
Tuesday was a rather quiet trading session in general, and the EUR/USD was no different than most other financial instruments.
For three consecutive trading sessions, the price of the EUR/USD currency pair has moved in a downward correction range, reaching the support level of 1.0222.