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.
Most Recent
The euro rallied a bit on Wednesday to reach the top of the overall consolidation area that I have marked on the chart.
There is nothing new about the weak euro, as the European pandemic restrictions may weaken the economic activity of the bloc, and thus appetite for the euro.
The euro shot higher on Tuesday but gave back the gains to form a shooting star-like candlestick.
Top Forex Brokers
The EUR/USD started the week after giving up an important level of support, leaving it at risk of a crash on the charts when low liquidity could lead to big moves heading into the holidays.
The euro rallied a bit on Monday, bouncing from the 1.1250 level yet again.
The euro could not keep the gains from the European Central Bank’s announcement that it would begin to tighten monetary policy in the footsteps of other global central banks.
The euro fell again on Friday and even closed at the very low of the range.
The Euro rallied a bit on Thursday as Christine Largarde suggested that the economy could come roaring back next year.
The Federal Reserve's decision to end its purchase program and raise US interest rates next year was priced in by the markets, which prompted the EUR/USD to increase its losses to the 1.2221 support level before rebounding and settling around the 1.2290 level as of this writing.
Bonuses & Promotions
The euro fell a bit on Wednesday as we awaited the results of the Federal Reserve meeting.
Today's trading session is important for the EUR/USD, as the US Federal Reserve will announce its decision regarding tightening its monetary policy.
The euro initially tried to rally on Tuesday but gave back early gains to show signs of weakness again.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD did not change much last week, but it could see more volatile trading during the coming days after policy decisions of the Federal Reserve (Fed) and the European Central Bank (ECB).
The euro fell a bit on Monday, reaching down towards the lows of the Friday session.
This week will be an impactful one for the year, so there will be reactions to its events and economic data.