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
The Euro broke down a bit during the trading session on Thursday but as the Europeans went home, the Americans decided to buy it.
The euro initially tried to rally during the trading session on Wednesday but continues to struggle near the 1.19 level.
For five trading sessions in a row, the EUR/USD pair has been trying to correct higher, and the retracement gains have stalled around the 1.1893 resistance level at the time of writing.
Top Forex Brokers
The euro initially tried to rally during the trading session on Tuesday, but gave back the gains near the 1.19 level yet again.
Similar to last week's trading, the EUR/USD pair moved in the same upward correction range at the beginning of this week’s trading, as it remained stable around the 1.1868 resistance at the time of writing.
The euro fluctuated during the trading session on Monday, showing just how little excitement there is for owning the euro.
The EUR/USD currency pair did not celebrate much of the recent optimism about the coronavirus vaccines, and is waiting for the markets to officially approve their handling.
The euro rallied during the trading session on Friday, reaching towards the top of the candlestick from the previous days of the week.
The Euro rallied a bit during the trading session on Thursday, bouncing from the 50 day EMA.
Bonuses & Promotions
For the second day in a row, the EUR/USD currency pair is witnessing profit-taking selling after a bullish jump at the beginning of the week’s trading.
The euro initially tried to rally during the trading session on Wednesday but gave back the gains to turn around and fall towards the 50-day EMA.
In an exciting performance since the beginning of this week's trading, the EUR/USD moved in light of optimism about Biden's victory in the American elections and the announcement of a possible coronavirus vaccine.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The euro is struggling for direction from a longer-term standpoint, which the candlestick for the trading session on Tuesday suggests.
At the beginning of this week's trading, the EUR/USD pair continued the upward correction path, as was the case last week.
The euro initially tried to rally during the trading session on Monday only to turn around and break down again.