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 went back and forth Monday as we are hanging just above the 1.02 level.
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.
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The Euro initially shot higher during the trading session on Thursday in reaction to the ECB raising interest rates by 50 basis points.
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.
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.
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The euro rallied rather significantly on Monday to reach to the 1.02 region.
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.
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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.