The Euro initially tried to rally during the trading session on Thursday, but then broke down yet again as we continue to grind lower.
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 should continue to drift a bit lower due to the fact that the market has been focusing on US Treasuries as of late, and of course the differential between the German and American economies.
For those of you that don’t know, this is typically one of the least exciting trading weeks of the year, as quite a few of the larger traders around the world are on awaited vacation.
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The beginning of this week's trading was positive for the EUR / USD as it moved towards the 1.1163 resistance.
The Euro tried to rally initially during trading on Monday and what would have been the first opportunity traders had to react to the increased tariffs coming out of the United States on the Chinese.
The Euro rallied quite nicely during the Wall Street trading session on Friday after initially pulling back.
The Euro has gone back and forth over the last week, and Thursday was just more of the same.
The Euro initially tried to rally during the New York trading session on Wednesday,
The Euro looks likely to bounce at this point, after showing signs of support underneath and then reaching above the 1.11 handle.
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The Euro initially rallied during the trading session on Monday, breaking above the 1.11 EUR level.
I do believe that the Euro is going to eventually fall much lower, and the closing candlestick on Friday did suggest that a bit of a bounce was imminent.
The Euro has initially tried to rally during the trading session on Thursday but then broke down rather significantly to reach towards the 1.11 handle.
Ahead of the release of a batch of important US economic data, the EUR / USD is stabilizing below the 1.1200 psychological support level, with stronger losses reaching the 1.1130 level, before settling around 1.1150 at the time of writing.
The Euro has rallied a bit initially during the trading session on Wednesday and then sold off rather drastically.
Weak confidence in the performance of the German economy to the lowest level in 8 years increased the bearish momentum of the EUR / USD pair
