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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For two weeks in a row the EUR/USD price tried to bounce higher and get out of the sharp bearish trend that pushed it below the parity price.
The EUR/USD pair went back and forth Friday as we continue to see a lot of noisy behavior.
The Euro went back and forth during the trading session on Thursday as traders still have no idea what to do about the Federal Reserve.
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Every time the EUR/USD price attempts to bounce higher, weaknesses come to remind investors and markets that the euro may remain under downward pressure for a longer period of time.
The Euro rallied a bit during the trading session on Wednesday after the Federal Reserve meeting
New reports of restricted Russian gas supplies to Europe are adding pain to the euro exchange rate.
The EUR/USD pair initially tried to rally Tuesday, but then rolled over quite drastically to crash below the 1.02 level and continued to fall toward the 1.01 level.
I expect the EUR/USD price to keep moving in narrow ranges until the monetary policy decisions of the US Federal Reserve are announced
The EUR/USD currency pair went back and forth Monday as we are hanging just above the 1.02 level.
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Last week's trading was generally bullish for the EUR/USD currency pair, as the European Central Bank raised interest rates for the first time in 11 years,
The EUR/USD fell significantly Friday only to turn around and show signs of life.
The Euro initially shot higher during the trading session on Thursday in reaction to the ECB raising interest rates by 50 basis points.
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The EUR/USD currency pair reversed half of its July drop in a rally that could be an early warning of a market inflection point
The EUR/USD currency pair initially rallied Wednesday but gave back gains rather quickly as the area above the 1.02 level offered too much resistance.
Despite the recent gains, euro exchange rates face the possibility of a few very volatile days of trading.