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 pulled back just a bit on Wednesday to break below the 1.10 level before turning right back around and recapturing that area.
Prospects for a peaceful settlement in Ukraine have declined significantly this week and is likely to keep the euro under pressure in the near term, analysts say.
The euro fell a bit on Tuesday, only to find buyers and form a bit of a hammer.
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The EUR/USD exchange rate recovered more than last week from two-year lows, but with multiple layers of resistance looming on the charts
The euro fell a bit on Monday to show signs of weakness right away.
Before the end of last week’s trading, the price of EUR/USD succeeded in achieving cautious gains that brought it to the resistance level of 1.1137.
The euro initially tried to rally on Friday to break above the crucial 1.11 level.
The Euro has rallied rather significantly during the trading session on Thursday to reach towards the 1.11 handle.
The Euro initially rallied during the trading session on Wednesday, but then pulled back a bit from the highs.
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The price of the EUR/USD currency pair may continue to move in narrow ranges until the US Federal Reserve announces the update of its monetary policy decisions.
The euro initially tried to rally on Tuesday but has given up gains yet again as we continue to see the downtrend strengthen from a longer-term standpoint.
For two days in a row, the price of the EUR/USD currency pair is trying to recover higher, stable around the 1.0985 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro rallied just a bit on Monday to kick off the week, threatening the 1.10 level.
The price of the EUR/USD currency pair was not happy with the bullish rebound attempts last week. It
The euro initially tried to rally on Friday but gave back gains above the 1.10 level as we continue to see a lot of negativity out there.