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 has broken down during the trading session on Thursday after initially trying to turn things around.
The bearish trend within the USD/EUR remains aggressive and speculators who insist on wagering against the downturn are likely not enjoying the results.
The Euro initially tried to rally during the trading session on Wednesday but give back the gains to turn around and threaten the 1.17 level.
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The Euro has gotten hammered during the trading session on Tuesday, as the US dollar gain strength against almost everything.
The Euro has pulled back just a bit during the course of the trading session on Monday as traders come back to work.
The EUR/USD fell to its lowest level of the year last week at 1.1706, and tested 1.1805 on Friday before closing around the 1.1796 resistance.
The euro rallied significantly on Friday to reach towards the 1.18 level.
US inflation figures came in as expected, causing the major currencies to achieve some gains against the US dollar.
The euro rallied a bit during the trading session on Wednesday as the world awaited the Consumer Price Index figures from the United States.
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More bearish pressure pushed the EUR/USD to the support level of 1.1710, its lowest of 2021.
The euro continues to lose against the US dollar as the Tuesday session was a simple continuation of what we have seen over the last several days.
The EUR/USD has proven swift and dangerous the past two trading days as its move lower brings the Forex pair into sight of important mid-term support.
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The EUR/USD started this week’s trading amid bearish pressure, reaching the 1.1735 support level.
The euro fell yet again during the trading session on Monday as we continue to see interest rates in the United States pick up.
The EUR/USD fell to the 1.1755 support level on Friday, its lowest in nearly three weeks, and closed the week’s trading around the 1.1760 level.