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 broken down during the trading session on Monday yet again, the breakdown a bit as we grind back and forth in seemingly endless meandering
With the beginning of the week's trading, the European single currency, Euro, is up for an important date with the first official remarks by new ECB Governor Christine Lagarde
The Euro has initially fallen during the trading session on Friday as the jobs number came out better than anticipated.
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The Euro has rallied it during the month of October, as we continue to chop back and forth.
Pressure on the US dollar against other major currencies increased after the Federal Reserve announced yesterday a cut in US interest rates for the third time in 2019.
The Euro initially fell during the trading session on Wednesday, but found support of the 1.1075 level again, rallying quite significantly to reach the 1.1150 level.
As we expected from the beginning of this week that the EUR/USD price action will be in a limited range until the Fed's monetary policy decisions are announced.
The Euro initially fell during the trading session on Tuesday, reaching down towards the 1.1075 level underneath.
After weeks later, the EUR/USD pair corrected up to 1.1179, the pair's highest resistance in more than two months,
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The Euro has initially tried to rally during the trading session on Friday, reaching down below the 1.11 level.
During the trading session on Thursday, the Euro went back and forward and all over the place as one would expect
The Euro initially fell during the trading session on Wednesday but found enough support just above the 1.11 level to turn things around and form a bit of a hammer.
The Euro has rolled over slightly during the trading session on Tuesday, showing signs of lackluster performance of the 50% Fibonacci retracement level,
The Euro has pulled back just a bit during the trading session on Monday, breaking below the 1.1150 level.
While the overall long-term trend favors more upside in the EUR/USD, a short-term correction is expected to unfold as forex traders realize floating trading profits.