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/USD exchange rate was relatively better last week, but it may struggle to avoid being the weakest performer this time in crystallizing risks to energy supplies and economies in Europe
The EUR/USD has broken down a bit during the trading session on Monday but turned around to show signs of life.
The initial reaction of the EUR/USD to the jobs number in the United States was bullish, but by the time everybody went home for the weekend, it started selling it off again.
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Amid the continuation of the downward trend of the EUR/USD pair, it will react this week to the announcement of the updated monetary policy decisions of the European Central Bank.
The Euro has fallen hard during the trading session on Thursday as we are now below the parity level yet again.
This week, the EUR/USD fell to the support level of 0.9900, the lowest in 20 years.
The EUR/USD has drifted a little bit higher during the training session on Wednesday, as we continue to dance around the parity level.
The EUR/USD reached its lowest levels in the long term last week and will face a battle to hold above a level close to technical support around 0.9911 on the charts in the coming days.
The EUR/USD rallied a bit during the trading session on Tuesday but continues to see a lot of problems to get going to the upside.
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Every time the price of the EUR/USD tries to rebound upwards, the negative impact factors remind investors that the euro will remain weak for a longer period of time.
The EUR/USD has gone back and forth during trading on Monday, as we continue to see the parity level attract a lot of attention.
The EUR/USD will decline significantly in 2022.
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The EUR/USD initially tried to rally during the session on Friday, to break well above the parity level as traders got ready to hear the Jerome Powell speech coming out of Jackson Hole.
The EUR/USD initially rallied on Thursday provide struggled to stay above the parity level.
The EUR/USD has been very noisy during the trading session on Wednesday as we continue to hover just below the parity level.