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 has broken higher during the trading session again on New Year’s Eve, as we are above the 1.12 handle.
The Euro has rallied significantly during the trading session on Monday as traders came back from the weekend.
Throughout last week's trading, the price of the EUR/USD pair rose in an upward correction despite the market being on holidays for Christmas,
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The Euro has exploded to the upside during the trading session on Friday, slicing through the 200 day EMA and even reaching towards the 1.12 level.
US Dollar weakness is accelerating, and the trend is anticipated to gain more momentum in 2020.
The Euro has rallied a bit during the trading session on Thursday as we came back from the Christmas break.
The Euro went back and forth during the trading session on Tuesday, as the Christmas Eve trading of course will have had very little in the way of volume.
The Euro has rallied nicely during the trading session and low-volume at the 50 day EMA to kick off the week for Monday.
In light of the Christmas and New Year holidays, liquidity in the markets is low, and investors are far from making deals until the markets return to the full nature of their work.
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The Euro has broken down a bit during the trading session on Friday, showing signs of exhaustion and has broken through the 50 day EMA a bit.
The Euro rallied a bit during the trading session on Thursday but continues to find trouble near the 200 day EMA.
The Euro has rolled over a bit during the trading session on Wednesday, reaching down towards the 1.11 handle.
The Euro has rallied of the last couple of weeks as I write this article, but at this point it is still very much in a downtrend. Get the Q1 forecast for EUR/USD here.
The Euro initially tried to rally during the trading session again on Tuesday but as we have seen multiple times, the market cannot hang out above the 200 day EMA for very long.
The EUR/USD is trying to hold on to its recent gains, that push it towards the 1.1200 resistance, its highest in four months, before settling around 1.1148,