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.
Most Recent
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.
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.
Top Forex Brokers
The EUR/USD initially dipped a bit during the trading session on Friday, only to turn around and show signs of life again.
The EUR/USD has fallen a bit during the trading session on Thursday, as it looks like we are going to threaten the 1.05 level.
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.
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.
Bonuses & Promotions
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.
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.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
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.