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 recovered quite nicely during the Thursday session, to break to the resistance barrier yet again.
The euro fell on Wednesday as we continue to see US dollar strength increase.
The price of EUR/USD was exposed to profit-taking operations, settling around the 1.0730 level at the time of writing the analysis.
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The euro tried to break above the crucial 1.08 level on Tuesday but has been found wanting again.
The price of the EUR/USD currency pair is still moving amid bullish momentum, which was able to move towards the resistance level 1.0786, recovering from its lowest level in five years.
The euro rallied again on Monday, but we are still significantly below a major resistance barrier.
With the beginning of this important week’s trading, the price of the EUR/USD currency pair continues to maintain the recent rebound gains that pushed it towards the 1.0765 resistance level.
The euro initially tried to rally on Monday but pulled back a bit from the highs.
The Euro has rallied a bit during the trading session on Thursday to reach the 50 Day EMA again.
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We expected that the gains in the EUR/USD price would be temporary, as the price jumped towards the 1.0748 resistance level, following new tightening comments by European Central Bank Governor Lagarde.
The euro fell a bit on Wednesday as the euro ran out of momentum.
After Lagarde’s recent hawkish statements, the price of the EUR/USD currency pair is trying to maintain the gains of those statements
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Sign up to get the latest market updates and free signals directly to your inbox.The euro rallied a bit on Tuesday to reach the 50-day EMA.
Coinciding with the beginning of this week's trading, forex currency traders noticed an upward rebound in the price of the euro currency pair against the US dollar, EUR/USD.
The euro rallied quite a bit on Monday, breaking above the 1.06 level.