The euro initially rallied during the trading session on Wednesday but found a significant amount of resistance to turn things back around.
Technical Analysis
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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Technical Analysis
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
Technical Analysis
The euro had a very strong session on Tuesday to break above the 1.22 handle, and looks very likely to go looking towards the 1.23 level given enough time.
Technical Analysis
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The positive US inflation numbers were offset by the announcement of a sharp decline in US retail sales.
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The market does seem like it will probably run into a little bit of trouble, but at the end of the day it certainly looks as if the euro is strengthening overall.
Technical Analysis
The Euro has rallied significantly on Friday as the retail sales number in the United States came out much lower than anticipated.
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The Euro initially tried to rally during the trading session on Thursday but gave back the gains rather early and then continue to drop.
Technical Analysis
After the dust caused by the US job numbers settled, the US dollar reacted positively to the announcement of the US CPI reading.
Technical Analysis
The euro broke down significantly during the trading session on Wednesday as the 1.22 level has continued to show a lot of resistance.
Technical Analysis
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The recent gains of the EUR/USD pair came to a halt at the 1.2180 resistance level, a two-and-a-half-month high.
Technical Analysis
The Euro initially shot higher during the course of the trading session on Tuesday but found the 1.22 level as resistive.
Technical Analysis
At the beginning of this week's trading, the EUR/USD pair continued its correction to the upside, with gains that reached the 1.2178 resistance level.
Technical Analysis
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The euro was very quiet during the trading session on Monday as traders came back to work and sold off the US dollar against most other things, but the euro lagged.
Technical Analysis
In a sudden development at the end of last week's trading, the EUR/USD moved strongly to the resistance level of 1.2172 where it closed the week’s trading.
Technical Analysis
The euro rallied significantly during the trading session on Friday, breaking above the 1.2150 handle.
Technical Analysis