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 EUR/USD's recent gains from its bullish rebound stopped at the 1.1845 resistance level and settled around 1.1796 as of this writing.
The euro rallied significantly on Tuesday as we shot straight up in the air due to word that the ECB will consider tapering bond buyback purchases, like the United States.
Risk appetite contributed to the EUR/USD pair's completion of the upward correction path, with gains that reached the resistance level of 1.1830 as of this writing.
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The euro initially tried to rally on Monday, but gave up gains just above the 1.18 level, suggesting that perhaps we are still “stuck” in the same pattern.
The EUR/USD has been trying to correct upwards, ultimately jumping to the 1.1802 resistance level on Friday, a 2-week high, before closing trading around 1.1795.
The euro has been very choppy and slightly negative throughout August, and I think this sets it up for a relatively big move.
The euro broke higher on Friday as it looks like we are ready to continue pushing to the upside.
The Euro has fallen a bit during the trading session as we wait for the output of the Jackson Hole symposium.
The EUR/USD is trying to correct upwards after plunging to the 1.1665 support level, then rebounding to the 1.1774 resistance level before settling around 1.1760 as of this writing.
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The euro was all over the place on Wednesday as we chop around waiting for clarity from the Jackson Hole Symposium about tapering.
The EUR/USD has been trying to correct upwards, but its gains did not break through the 1.1765 level, instead settling around 1.1740 as of this writing.
The euro fluctuated on Tuesday as we have given back early gains in order to show signs of exhaustion.
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Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD was quick to recover after the recent turmoil in the global markets.
The euro rallied significantly on Monday to kick off the week on the right foot.
The bears triumphed last week as the EUR/USD fell to the 1.1664 support level, its lowest in nine months, before closing trading around 1.1700.