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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In the last three trading sessions of last week, the price of the currency pair EUR/USD settled below the parity price.
The EUR/USD has gone back and forth during the trading session on Friday as we continue to hang around the parity level.
The Euro has done very little yet again during the day on Thursday as we continue to hang around the parity level.
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The euro against the dollar took heavy losses after sharp increases in some US inflation surprised the market.
The EUR/USD has done very little during the trading session on Wednesday, which might be a minor victory considering just how aggressive the US dollar was on Tuesday.
After the announcement of better-than-expected numbers for US inflation, which favors the path of raising US interest rates, the EUR/USD currency pair gave up most of its recent gains.
The EUR/USD exchange rate has entered the new week's trading with spring in its stride and could look to extend its nascent recovery over the coming days
The EUR/USD rallied rather early during the trading session on Monday as traders started to get exuberant about the idea of Russian losses in Ukraine.
Despite the recent hawkish signals from the European Central Bank and halting the pace of the record US dollar gains, the rebound gains for the EUR/USD currency pair did not exceed the 1.0113 level by the end of last week’s trading.
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The EUR/USD did rally a bit during the trading session on Friday, but also gave back quite a bit of the gains to show just how weak this market is.
The EUR/USD has gone back and forth during the trading session on Thursday as we continue to hang around the parity level.
The markets await a new rate hike announcement from the European Central Bank, the tone of its policy statement and the statements of the ECB governor
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The EUR/USD rallied rather significantly during the trading session on Wednesday to test the parity level.
After returning from the American holiday, the positive activity of the US dollar increased again.
The EUR/USD has gone back and forth during the trading session on Tuesday as we continue to see plenty of volatility on short-term charges.