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
I expect that the results of the US Federal Reserve meeting will have a strong reaction on the markets.
All eyes are on the markets and investors are waiting for the decisions of the US Central Bank, which will have a strong reaction on all currencies against the US dollar.
The Euro remained one of the top performing major currencies last week even after the European Central Bank's October decision prompted the market
Top Forex Brokers
The EUR/USD tried to rally initially during the trading session on Friday, but it looks as if parity is going to hold as resistance.
The Euro has broken above parity, and it looks like we are in the midst of some type of serious move to the upside.
The EUR/USD has rallied significantly during the trading session on Tuesday to show signs of life again, testing a major downtrend line.
The EUR/USD initially fell during the trading session on Monday, but then turned around to show signs of life again.
The Euro has initially pulled back a bit during the trading session on Friday, but then shot much higher as the Bank of Japan has intervened in the Forex markets.
The euro has fallen against the greenback yet again during the trading session on Wednesday, as the common currency continues to act as a punching bag.
Bonuses & Promotions
The Euro rallied just a bit during the trading session on Tuesday as we continue to see a little bit of a recovery.
The Euro has pulled back a bit during the trading session on Friday to wipe out most of the body of the bullish candlestick from the Thursday session.
Since the minutes of the last meeting of the US Federal Reserve did not bring anything new to the financial markets, as the bank is still determined to continue raising US interest rates
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The price of the currency pair EUR/USD is still stable in its bearish trend below the support level of 0.9700, near the lowest in 20 years.
The EUR/USD exchange rate has entered the new week's trading in full swing in a bearish market.
The EUR/USD has fallen again during the trading session on Monday as we continue to drift lower.