EUR/USD fell Thursday after Trump's address spiked US rates, but reversed from 1.15 support, keeping the pair rangebound between 1.14–1.1650 with the 200-day EMA as resistance.
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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Support Levels for EUR/USD Today: 1.1515 – 1.1480 – 1.1420
EUR/USD is stuck in a tight 1.15–1.16 range, with sellers fading rallies near resistance as interest rate differentials and safety flows keep pressure on the euro.
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EUR/USD remains under pressure below the 200-day EMA, with rallies likely to be faded unless the pair can reclaim 1.1650 and shift the near-term outlook.
The euro remains under pressure against the US dollar, with the 1.15–1.16 area acting as key support and a break below it potentially opening a deeper move toward 1.11.
The Euro has been very choppy during the month of February as traders are trying to figure out where the two central banks are heading at the moment.
EUR/USD is stuck in a tight range around 1.18, with 1.1850 as the upside trigger toward 1.20 and last week’s lows as the downside trigger toward 1.16.
The euro continues to drift a bit during the trading session on Tuesday, as the oversold condition in the US dollar is starting to get a bit overdone. At this point, the short interest in the USD is at 14-year highs, and could we be ready to see a reversal?
The Euro is currently having issues trying to make a determined move, but seems to be a bit weak at the moment.
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The Euro rose slightly on Thursday as traders weigh hotter US job data against upcoming CPI, with 1.18 as key support and upside capped near 1.23.
The Euro rallied a bit during the early hours on Monday as the markets continue to bet on rates dropping in the USA.
EUR/USD trades quietly after the ECB holds rates steady, with traders eyeing a breakout above 1.1850 or a breakdown toward 1.16 as the next move.
The Euro has really seen a bit of soft action over the last couple of days, as the ECB meeting will continue to be in the focus of traders, and the US dollar strengthening has also played a huge part.
The euro did try to rally a little bit during the early hours here on Monday but simply cannot hang onto gains at the moment as the Federal Reserve Chairman nominee has the markets rethinking things.
The Euro has plunged during the trading session here on Friday as the market is trying to sort out whether or not this latest breakout is a real thing, or false. Tensions around the world could continue to play a part as well.
