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 euro rallied again on Monday but continues to find resistance just below the 1.06 level.
Throughout the last week’s trading the price of the EUR/USD currency pair is trying to rebound higher to break the general bearish trend.
The euro rallied a bit on Friday as we continue to dance around the 1.06 level.
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The Euro has fallen during the trading session on Thursday as we continue to go back and forth, with the 1.05 level being a bit of a magnet for price.
The Governor of the US Central Bank, Jerome Powell, reiterated his bank's intention to raise the pace of increasing US interest rates at any rates in order to control the bank's goal in US inflation.
The euro initially fell on Wednesday only to turn around and rally again.
The state of cautious anticipation still dominates the global financial markets, including of course the forex market.
The euro initially rallied on Tuesday to reach the 1.06 level but continues to offer a bit of a resistance barrier.
During last week's trading, the EUR/USD exchange rate rose again from the edge of a five-year low last week.
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The Euro has rallied a bit to kick off the week, breaking above the 1.05 level.
The euro was not very happy with the rebound gains last week after steps and comments by the monetary policy officials of the European Central Bank.
The euro pulled back a bit from the initial attempt to rally on Friday, as we continue to see US dollar strength overall.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro has bounced significantly from the 1.04 level during the trading session on Thursday.
The US Central Bank announced a stronger-than-expected interest rate hike and calmed Jerome Powell, governor of the bank.
The euro went back and forth on Wednesday as the 1.04 level has offered a little bit of support.