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 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.
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.
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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.