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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As I mentioned since the start of this important week's trading, the US dollar will remain the strongest until the reaction to the most important event this week passes,
The euro rallied a bit on Tuesday but gave up the early gains to show signs of weakness yet again.
In the same trading path for the past week, the price of the EUR/USD currency pair is moving during this important week’s trading.
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The Euro has fallen again during the trading session on Monday to reach near the 1.04 level.
The hopes of euro investors quickly evaporated in the recent hawkish statements from European Central Bank officials headed by Lagarde
The euro fell on Friday as the US dollar continues to act as a wrecking ball against almost everything.
The Euro has broken down significantly on Thursday as we have broken through the bottom of the rising wedge, showing signs of exhaustion.
Since the start of this week's trading, the price of the EUR/USD currency pair has been in a cautious wait until an update to the European Central Bank's policy is announced.
The euro went back and forth on Wednesday as we continue to see markets trying to figure out where to go next.
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A state of instability dominates the performance of the EUR/USD currency pair since the start of trading this week.
The Euro has broken down during the trading session on Tuesday to break through a short-term uptrend line.
EUR/USD failed in its attempt to climb from its lowest level in nearly five years.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro initially tried to rally on Monday but has pulled back from the highs as the 50-day EMA came into the picture.
Despite the strength of the US labor market numbers, the price of the EUR/USD currency pair is trying to stabilize above the resistance 1.0700.
The euro initially tried to rally on Friday but gave back gains after the jobs number came out.