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
EUR/USD gives up Thursday's gains, with structural EU issues and a strong US dollar driving the pair closer to parity while traders sell short-term rallies.
EUR/USD hits a two-year low at 1.0343, with political instability and weak Eurozone data fueling parity concerns amid Fed-driven dollar strength.
The euro hovers near 1.05, pressured by EU political instability, with traders eyeing potential shorts on rallies as the FOMC decision looms.
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EUR/USD stabilizes below 1.05, reflecting bearish momentum driven by Eurozone economic uncertainty and anticipation of the Fed's policy decision.
In my daily analysis of the EUR/USD pair, I see the same thing that I have seen for several days: the EUR/USD simply grinding sideways.
EUR/USD continues its downward trend below 1.05, weighed by Eurozone economic struggles and ECB policy, with support targets at 1.0420 and 1.0300.
The daily analysis of the Euro at this point remains negative overall, and in the EUR/USD pair, I see this market as hanging around the 1.05 level.
The EUR/USD pair stays bearish below 1.05, with further losses likely as Eurozone economic pressures mount and US dollar strength dominates.
The euro weakens following a dovish ECB rate cut, with consolidation near 1.05 and risks of a drop to parity if 1.03 support fails.
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EUR/USD drops to 1.0480 under selling pressure as markets anticipate an ECB rate cut and monitor US PPI and jobless claims data.
The EUR/USD trades near 1.05 after US CPI data, with traders awaiting ECB and PPI announcements while favoring downside momentum overall.
EUR/USD trades near 1.0500 under bearish pressure as US inflation data and the ECB announcement shape market expectations.
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EUR/USD approaches 1.0500 support as risk aversion grows, with ECB decisions and US inflation data shaping near-term moves.
EUR/USD holds near 1.0566 under bearish pressure as traders await ECB rate decision and US inflation data for direction.
The euro retreats below 1.06, pressured by US economic outperformance and Eurozone weakness, with 1.05 support and limited upside near 1.0750.