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 continues to drift lower as it initially tried to rally but then gave back those gains to reach towards the 1.15 level.
The EUR/USD has remained stable under downward pressure around the 1.1550, its lowest support in months.
The euro tried to rally on Monday, but much like many of the other currencies against the greenback, we saw a bit of a pullback.
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After the US job numbers were announced on Friday, the EUR/USD rebounded higher, reaching the resistance level of 1.1586 and closing stable around 1.1573.
The euro rallied a bit on Friday, reaching towards the 1.1580 level before pulling back a bit.
The Euro has been significantly wounded over the last several sessions, as we continue to drift lower.
The European energy crisis and expectations that the US Federal Reserve's policy will be tightened ahead of ECB policy continue to weaken the performance of the EUR/USD.
The euro broke down significantly on Wednesday to reach down towards the 1.1550 level.
The euro fell a bit on Tuesday to break down below the 1.16 level underneath.
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The EUR/USD is trying to correct upwards after sharp selloffs that pushed it last week to the support level of 1.1563, its lowest in 14 months.
The euro rallied a bit against the US dollar on Monday but gave back some of the most extreme gains as the 1.16 level continues to act as a magnet for the market.
It was a sharp bearish trading week for the EUR/USD, which collapsed to the 1.1563 support level, a 14-month low, and closed trading around the 1.1592 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro recovered a bit on Friday, but after we have seen this massive amount of selling pressure, it is very unlikely that it is the beginning of a change in attitude.
The Euro has fallen again during the trading session on Thursday, as the 1.16 level has been sliced through.
The EUR/USD has seen its bearish trend grow stronger in the past week and yesterday’s burst of selling has taken the Forex pair to important lows.