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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For four trading sessions in a row, the price of the euro currency pair EUR/USD was subjected to correctional selling after its recent gains towards the 1.1185 resistance.
The Euro has fallen again during the trading session on Monday to kick off the week on the back foot yet again.
The euro has fallen a bit on Friday to break below the 1.1050 level, which suggests that we are ready to go to the 1.10 level after that.
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During last week’s trading, the price of the EUR/USD currency pair attempted to rebound to the upside.
The Euro initially tried to rally during the trading session on Thursday but gave back the gains to show signs of weakness.
For three trading sessions in a row, the price of the EUR/USD currency pair is moving amid an upward momentum.
The Euro has tested the 50 Day EMA yet again during the trading session on Wednesday, just as it did during the Tuesday session.
For the second day in a row, the price of the EUR/USD currency pair is trying to bounce up and get out of the sharp bearish channel that dominates the performance in the recent period.
The euro broke higher on Wednesday as rumors broke out that perhaps the Russians and the Ukrainians could come to some type of peace agreement.
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The EUR/USD rose in the overnight session as the new round of talks between Russia and Ukraine continued in Turkey.
The EUR/USD exchange rate's recovery from early March lows stalled last week, causing the single European currency to partially reverse some of its gains ahead of the weekend
The euro fell a bit to kick off the Monday session before turning around and bouncing a bit.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro rallied initially during the day on Friday and then gave up the gains to form a less-than-impressive candlestick.
For the third day in a row, the market has pulled back just a bit, but it seems as if we are going to continue to see buyers in the region of the 1.0975 handle.
It seems clear that the price of the EUR/USD currency pair is moving in narrow ranges in the recent trading sessions.