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/GBP rallied a bit during the trading session on Monday, to break into the previous bearish candle that had traders shorting.
Last week's trading in its entirety was characterized by bulls dominating the performance of the EUR/USD currency pair.
The EUR/USD has been very noisy during the trading session on Friday, showing signs of a little bit of bullish pressure, but quite frankly we are hanging around the same area that we have been around for a while.
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The EUR/USD initially tried to rally during the trading session on Thursday but continues to struggle above the 1.08 level.
The inflation figures in the eurozone did not come as a surprise to the markets.
The Euro initially shot higher during the trading session on Wednesday, but gave bank gain as we continue to see a lot of resistance above.
For three consecutive trading sessions, the price of the EUR/USD currency pair has been moving in a downward correction
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.
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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.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.