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 during the Friday session but turned around to show signs of strength again, as we have reclaimed the 1.22 handle.
The market looks likely to get a little bit of a short-term pullback.
The Euro has initially broken down below the 1.22 handle during the trading session on Thursday but turned around to show signs of life again.
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Strong successive gains pushed the EUR / USD currency pair towards the 1.2266 resistance level, the highest for the currency pair in more than four months.
The euro broke down a bit during the trading session on Wednesday as we continue to see a lot of selling pressure just above.
Since the beginning of this week's trading the price of the euro currency pair against the dollar has maintained its gains near its highest since the beginning of this year’s trading in 2021.
The euro rallied a bit during the trading session on Tuesday to break above the short-term resistance barrier.
EUR/USD tested 1.2260 resistance level due to improving economic data results in Europe, its highest in more than four months.
The euro rallied a bit during the trading session on Monday as we continue to press the resistance barrier from last week.
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We have entered a new bullish trading week for EUR / USD.
The euro fell during the trading session on Friday as we continue the overall consolidation.
The Euro has rallied a bit during the trading session on Thursday to reach towards the 1.22 handle, an area that we have seen a significant amount of resistance over the last couple of days.
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We mentioned in previous analyses of the EUR / USD currency pair that the strong recent gains have pushed the technical indicators to strong overbought levels.
The euro initially rallied during the trading session on Wednesday but found a significant amount of resistance to turn things back around.
For five trading sessions in a row, the price of the euro currency pair moves against the US dollar, EUR / USD, in an upward correction range