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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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.
Recently, the monetary policy officials of the European Central Bank increased the talk about the most appropriate time to raise interest rates
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The euro initially tried to rally on Friday but gave back gains to show signs of hesitation.
After attempts to rebound higher with gains to the level of 1.0564, it returned to decline in its broader path down to the level of 1.0460 at the time of writing the analysis.
The euro fell a bit on Wednesday as we continue to see more of a “risk-off” type of move in the market.
During the recent trading sessions, we noticed a rebound in the price of the euro currency pair against the dollar, EUR/USD, with gains to the resistance level of 1.0556.
Euro exchange rates were flat at the start of the new week's trading and at least some of the rally can be attributed to comments by a prominent member of the European Central Bank.
The euro rallied just a bit on Monday to show signs of life again, but at this point, it seems that the market is in a strong downtrend.
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The euro took a hit amid another hike in natural gas prices, this time on news of new moves by Russia to restrict supplies to Europe.
The Euro has bounced ever so slightly during the trading session on Friday, limping into the weekend.
The Euro has broken below the crucial 1.05 level, an area that will attract a lot of attention.
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Sign up to get the latest market updates and free signals directly to your inbox.Despite the recent stability of the EUR/USD currency pair's performance, the US dollar continued its strength.
The euro went back and forth on Wednesday as the 1.05 level continues to offer a lot of support.
For the second week in a row, the price of the EUR/USD currency pair is moving in narrow ranges.