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 has gone back and forth during the trading session on Tuesday, reaching towards the 1.1840 level before pulling back again.
The EUR/USD traded on the same performance as last week’s, stabile above the 1.1800 resistance in an attempt to complete the upward correction path
The Euro initially tried to rally on Monday but then broke down a bit to show signs of weakness again.
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Despite new fears and restrictions that European countries implemented to contain the outbreak of the Corona epidemic, the EUR/USD succeeded in achieving gains
The Euro initially fell during the trading session on Friday, reaching down below the 1.18 level initially, but then turned around to rally towards the 1.1850 level.
The Euro has been very noisy over the last 30 days, settling on a more bullish attitude than anything else.
The Euro fell during the trading session on Thursday, as we have seen the US dollar pick up a little bit of strength in general.
Investors' giving up the US currency temporarily contributed to an upward rebound in the EUR/USD, to the 1.1880 resistance, its highest level in more than a month, before settling around 1.1845 at the time of writing.
The EUR/USD has resumed its rather strong bullish momentum the past two days and is challenging important resistance levels.
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The Euro rallied significantly during the trading session on Wednesday but continues to struggle near the 1.1850 level.
For the third day in a row, the EUR/USD, is in an upward correctional range that has pushed the pair towards the 1.1850 resistance at the time of writing, which is the highest level in a month.
The Euro has rallied significantly during the trading session on Tuesday, reaching towards the 1.1850 level, which is also the previous uptrend line being tested again.
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After a harsh week in which the EUR/USD was exposed to downward momentum, pushing it towards the 1.1688 support, and with the start of this week’s trading, the pair tried to rebound higher with gains to 1.1793 before settling around the 1.1775 level at the time of writing.
The US dollar lost against the Euro quite early during the trading session on Monday, as the EUR/USD pair has reached towards the 1.18 handle.
Throughout last week's trading, the EUR/USD was subjected to downward pressures, which it pushed towards the 1.1688 support and closed the week’s trading around the 1.1716 level.