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 initially tried to rally during the trading session on Friday but gave back the gains to form a bit of an inverted hammer.
The Euro initially tried to rally a bit during the trading session on Thursday but turned around to show signs of exhaustion as we broke through the 1.17 level.
The EUR/USD currency pair is still facing downward pressure that pushed it towards the 1.1719 support before settling around 1.1750 at the time of writing.
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The Euro has gone back and forth during the trading session on Wednesday as we continue to dance around the 50 day EMA.
As expected, more European restrictions to contain the new Coronavirus outbreak will increase pressure on the single European currency, as the European economy is still in the recovery phase from the consequences of the first wave.
The EUR/USD appeared to be reestablishing a solid mid-term bullish trend higher as it incrementally rose and made resistance look vulnerable going into last weekend.
The Euro has broken down significantly during the trading session on Tuesday, crashing into the 50 day EMA.
In the same EUR/USD performance during last week’s trading, the pair has continued to move up since the beginning of this week’s trading.
Hans Kluge, the Regional Director of the World Health Organisation (WHO) for Europe, warned against Covid-19 fatigue by the population, which according to the latest data, reached over 60%.
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The Euro went back and forth during the trading session on Monday, initially gapping lower before going back and forth.
At the end of last week's trading, the EUR/USD, jumped to its highest level in two weeks, when it tested the 1.1830 resistance and closed trading near that level.
The Euro shot higher during the trading session on Friday, as we continue to trade based upon the idea of the stimulus.
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With the Eurozone post-lockdown recovery losing steam in September, led by a concerning slowdown in Spain, and the second wave of Covid-19 infections
The Euro went back and forth during the trading session on Thursday, as we continue to see a lot of noise in general.
The EUR/USD is still enjoying the opportunity of an upward rebound amid clear investor risk appetite,