The Euro rallied significantly during the course of the trading session on Thursday as the 1.20 handle has offered enough support to keep the market going.
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
Since the start of trading on Thursday, the EUR/USD is trying to correct upwards after four bearish trading sessions that pushed the pair to the 1.1986 support level, settling around 1.2045 as of this writing.
Technical Analysis
The euro went back and forth during the trading session on Thursday in a very tight range, essentially going nowhere.
Technical Analysis
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For three trading sessions in a row, the EUR/USD is moving in a downward correction range amid profit-taking selling.
Technical Analysis
The euro fell during most of the trading session on Tuesday to reach down towards the previous downtrend line and find support.
Technical Analysis
For three trading sessions in a row, the EUR/USD is trying to stop recent losses that pushed it towards the support level of 1.2013 before settling around 1.2030 as of this writing.
Technical Analysis
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The euro recovered quite nicely during the trading session on Monday as it tested the previous downtrend line.
Technical Analysis
By the end of last week's trading, the EUR/USD pair plunged to the support level of 1.2016, and its upward correction gains pushed the pair to the resistance level of 1.2150, a 2-month high.
Technical Analysis
The euro broke down significantly during the trading session on Monday to reach towards the previous downtrend line that we have broken.
Technical Analysis
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The Euro initially tried to rally during the trading session on Thursday but gave back the gains to form a bit of a shooting star
Technical Analysis
April was a very strong month for the euro, and I do believe that we will continue to see a bit of continuation going forward.
Technical Analysis
The upward correction path for the EUR/USD is getting stronger.
Technical Analysis
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The euro shot above the uptrend line during the trading session on Wednesday as we awaited the Federal Reserve FOMC statement and press conference.
Technical Analysis
The Forex market is awaiting the Federal Reserve's announcement of its monetary policy decisions and Chairman Powell’s statements, followed by the growth rate of the US economy.
Technical Analysis
The euro has initially fallen during the trading session on Tuesday but found buyers later in the day to suggest that perhaps we are going to try to take out this minor downtrend line that sits just above.
Technical Analysis