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 downward trend of the EUR/USD currency pair is continuing
The euro fell rather hard on Wednesday to reach the 1.05 area.
Amid continuing weakness factors, the downward trend of the EUR/USD currency pair continues.
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The euro fell rather hard on Tuesday as we are now approaching the 1.06 handle.
Investors’ appetite for buying the US dollar increased amid sharp statements from Federal Reserve policy officials that it will be hawkish in raising US interest rates throughout 2022.
The euro finally broken through support on Monday as the 1.08 region has been very stubborn.
Investors’ reaction to the future of raising interest rates increased during the year last week, as the European Central Bank finally indicated the imminent date of tightening its policy to face the hyperinflation
The euro fell a bit on Friday after initially trying to rally but then broke down to reach below the 1.08 level again.
The Euro initially tried to rally during the trading session on Thursday but gave back all of the gains to form a less than stellar candlestick.
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During the middle of this week's trading, the euro's exchange rates rose against the rest of the other major currencies
The Euro has rallied a bit against the US dollar during the trading session on Wednesday, as the 1.08 level continues to put up a significant amount of fine.
The Euro has rallied ever so slightly during the trading session on Tuesday to test the 1.08 level, an area that previously had been so supportive.
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Sign up to get the latest market updates and free signals directly to your inbox.The Euro initially tried to rally during the trading session on Monday but gave back gains to show signs of exhaustion again.
Last week's trading was the most important for the bears to control the price performance of the EUR/USD currency pair, as the psychological support 1.0800 was finally breached.
The euro fell a bit on Friday in very thin trading.