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 initially tried to rally on Tuesday but gave back the gains as we approached the 1.06 level.
The EUR/USD exchange rate was unable to escape from the bottom of its recent low and entered the new week's trading at the risk of further losses.
The euro went back and forth on Monday as we continue to respect the 1.05 level as support.
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The EUR/USD is stuck close to the lowest level this year as investors focused on the interest rate decision by the Federal Reserve and the average US jobs data.
For three trading sessions in a row, the price of the EUR/USD currency pair tried to rebound higher to compensate for its losses that brought it to its lowest level in five years.
The euro bounced a bit on Friday as we had initially fallen to reach the 1.05 level.
The Euro has fallen hard during the trading session on Thursday to threaten the 1.05 level.
The EUR/USD exchange rate entered this important new week's trading near five-year lows after the terrible month of April.
The euro initially rallied on Tuesday to show signs of strength, as we had been testing the 1.05 level for support.
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For four trading sessions in a row, the price of the EUR/USD currency pair is settling around its recent losses extending towards the 1.0470 support level, the lowest in five years.
The euro initially gapped higher to kick off the Monday session but has given back all of the gains to slam into the 1.05 level again.
Amid the continuation of record bearish pressure for the EUR/USD currency pair, investors and markets in general are preparing for an important and historic trading week.
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Sign up to get the latest market updates and free signals directly to your inbox.Euro trading was rather negative over the last couple of weeks but turned around on Friday to show signs of life at the 1.05 level.
The Euro has had a very rough month of April, and the way we are closing out the month suggests that we may have further negativity ahead.
The Euro has fallen a bit during the trading session on Thursday to Pierce below the 1.05 level.