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 currency pair rallied a bit against the US dollar Tuesday as we await the ECB announcement.
The EUR/USD exchange rate could rise further in the coming days in an attempt to recover the 1.02 resistance if all goes well for the European Central Bank (ECB) and Eurozone economies this Thursday.
The euro rallied rather significantly on Monday to reach to the 1.02 region.
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During last week's trading, the price of the EUR/USD declined to trade around the support 0.9950, which is the lowest level in 20 years.
The euro took off Friday as we continue to see a lot of noise around the parity level.
The Euro broke below the parity level during the trading session on Thursday, as we continue to see a lot of US dollar strength.
One euro is now equal to one US dollar for the first time in two decades after the historic slide in the rate of the common European currency.
The euro initially fell on Wednesday but found buyers after the inflation number came out.
The EUR/USD pair declined to the parity level after the latest strong consumer inflation data from the United States and Germany.
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The Euro fell a bit to the parity level on Tuesday but bounced rather quickly to show a bit of hesitation to break down through there.
The EUR/USD dropped significantly last week before entering a circle of parity but rose smartly in time to close out the week and can now defy gravity by trading solidly above a temporary low around the 1.0020 level in the coming days.
The euro broke down significantly Monday as we have broken through the bottom of a hammer on Friday.
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The euro initially plunged on Friday but then turned around to show signs of life again as we ended up forming a hammer.
The Euro initially tried to recover on Thursday but then turned around to show signs of weakness.