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 initially fell on Friday but turned around to recover again and reach towards 1.1350 level.
The Euro has fallen rather hard during the trading session on Thursday, wiping out most of the gains from Wednesday.
Amid the relatively calm state of risk aversion, the EUR/USD gained some momentum and moved to the 1.1340 level, after recent selloffs pushed the pair towards the 1.1227 support level this week.
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The euro rallied quite significantly on Wednesday to test the 1.1350 level.
The euro is still suffering from weak investor sentiment and strong demand for safe havens.
The euro fell during the better part of Tuesday but continues to see buyers trying to pick up bits and pieces of value.
As with last week, the EUR/USD settled around the 1.1266 support level.
The euro pulled back a bit against the US dollar on Monday, showing signs of hesitation at the previous falling channel, as the market has tried to break above that previous support level that should now be resistance.
The assessment of the new Omicron variant continues to strongly affect investor sentiment and global financial markets so far.
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The euro initially fell on Friday, but the jobs number came out much lower than anticipated, sending the US dollar falling.
Since the start of this week, the EUR/USD has been trying to recover from its recent collapse, but the rebound attempts did not pass the 1.1383 level.
The euro went back and forth on Wednesday as we continue to respect the previous trend line that was part of the descending channel.
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Fears of the new COVID variant continue to negatively affect investor sentiment, as countries, especially European, re-imposed lockdowns and hurt the euro against the other major currencies.
The euro went back and forth significantly on Tuesday as we continue to try and figure out where we are going next.
For two trading sessions in a row, the EUR/USD tried to stop its losses which extended to the 1.1186 support level, the lowest in 16 months, but the rebound gains did not exceed the 1.1330 level, instead settling around the 1.1270 level today.