The EUR/USD pair initially felt towards the 61.8% Fibonacci retracement level during the day on Tuesday but then turned around to show signs of life again as the 1.12 level has shown itself to be supportive.
Technical Analysis
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 day on Monday, but then broke down towards the 1.2 level underneath.
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Employers in the United States sharply intensified their employment during June, adding 224,000 new jobs, underscoring the strength of the US economy after more than a decade of steady growth.
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The Euro fell significantly during the trading session on Friday, slicing through the 50 day EMA which is a very negative sign.
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The Euro has rallied a bit during the trading session on Thursday in what would have been very thin trading during the Independence Day holiday in America.
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European leaders agreed to nominate Lagard, director of the International Monetary Fund (IMF), for the post of governor of the European Central Bank, replacing Mario Draghi, whose term expires in October.
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The Euro went back and forth during the trading session on Wednesday, showing signs of stability and uncertainty around the 50 day EMA.
Technical Analysis
Since the beginning of this week’s trading, the EUR / USD pair has been in a bearish correction as the US dollar gained enough support
Technical Analysis
The Euro initially fell a bit during the trading session on Tuesday but then turned around to rally from the 50 day EMA to reach above the 1.13 level.
Technical Analysis
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We mentioned in the previous technical analysis that the bullish correction for the pair is still weak and is expected to decline again if the Euro does not find stronger catalysts.
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The Euro got absolutely hammered during trading on Monday as we came back to work.
Technical Analysis
Before the announcement of important US GDP figures, the EUR / USD pair is stabilizing around the support level of 1.1348 after the last bounce to reach the 1.1411 resistance level, the highest in three months.
Technical Analysis
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The EUR / USD recent gains have stopped at the 1.1411 resistance level, the highest in three months, with the USD back to express itself and the pair retreated to 1.1343 support despite the negative US economic figures.
Technical Analysis
Since the beginning of this week's trading, the EUR/USD pair is continuing making gains, reaching towards the 1.1411 resistance level at the time of writing, the highest level in three months.
Technical Analysis
The Euro went back and forth during the trading session on Tuesday, breaking above the crucial 1.1250 level.
Technical Analysis