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
The Euro initially tried to recover on Thursday but then turned around to show signs of weakness.
In the middle of this week's trading, the euro fell 1.47% against the dollar and became vulnerable to more losses.
The EUR/USD currency pair fell hard Wednesday to break down below the 1.02 level.
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The euro fell to its lowest level since 2002 against the dollar, and it is falling against the pound sterling and other major currencies.
The euro got absolutely clobbered on Tuesday, as we have broken through the 1.04 level quite handily.
The price of the EUR/USD currency pair stumbled again in a rebound higher, as the negative pressures on the euro are still strong and persistent.
The euro initially tried to rally against the US dollar during Monday trading, but gave back almost all of the gains in yet another sign of weakness.
The trading of the last week of June was harsh for the price of the euro/dollar pair, as it fell to the 1.0365 support level and settled around the 1.0435 level at the beginning of this important week’s trading.
The euro initially fell hard on Friday, but found enough buyers underneath the 1.04 level to turn things around.
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The Euro has bounced from a major support level to show signs of life yet again.
The US dollar returned to its strong upward trajectory amid increasing expectations of the chances of raising US interest rates strongly during 2022.
The US dollar has been like a wrecking ball against almost everything, including the euro.
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The European Central Bank appears ready to start its interest rate raising cycle with a bold 50 basis point increase, according to recent statements from some of the bank's monetary policy officials.
The euro struggled with the 1.06 level for some time, which suggests to me that we are eventually going to roll over.
The EUR/USD exchange rate has returned to stability above the recently recovered 1.05 level.