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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At the end of last week’s trading, the price of the euro currency pair against the US dollar EUR/USD attempted to recover after its collapse to its lowest level during 2022
The Euro has rallied a bit heading into the weekend, which of course is a bullish sign.
The Euro fell apart during the trading session on Thursday as Russia invaded Ukraine, causing a lot of fear on the continent.
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Expanding the scope of Russian military operations means that the invasion of Ukraine is very likely, and thus the suffering of the euro has increased in the Forex market.
The euro rallied a bit on Wednesday to reach towards the 50-day EMA yet again.
During yesterday's trading, the price of the EUR/USD currency pair attempted to recover, but the gains did not exceed the 1.1367 resistance level.
The euro initially shot higher on Tuesday but struggles in the same general vicinity that it has over the last week or so.
I expected before that the recovery attempts of the EUR/USD currency pair may quickly collide with renewed fears of war in Europe.
The Euro initially tried to rally towards the 1.14 level during the trading session on Monday but has given back gains rather quickly.
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The EUR/USD rate benefited significantly when the European Central Bank indicated in February that a significant shift in its monetary policy may be in the pipeline, and potential differences with the Fed's policy process could eventually help the pair's recovery.
The euro has drifted a little bit lower during the Friday session before heading into the weekend.
The Euro initially dipped during the trading session on Thursday as we continue to see shenanigans in the Ukraine border.
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The relative calm of fears of Russia’s invasion of Ukraine contributed to the recovery of the price of the EUR/USD to the resistance level 1.1395.
The euro rallied just a bit on Wednesday to show signs of life again, but there is a significant amount of supply above that I think comes into the picture.
Attempts of the EUR/USD currency pair compensated for its recent losses, which pushed it towards the 1.1280 support level.