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 initially fell a bit during the trading session on Friday, to dip down below the 1.07 level yet again.
EUR/USD remains under pressure. The European Central Bank is eyeing French risk ahead of Sunday’s vote.
EUR/USD’s attempts to rebound higher at the start of this week’s trading failed, with gains not exceeding 1.0746, as it quickly returned to its strongest downward path.
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For the second day in a row, the EUR/USD price is moving higher, holding around 1.0744 at the time of writing.
The EUR/USD remains under pressure as concerns about the eurozone economy and the future of monetary policy persist.
The bears’ control over the EUR/USD pair continues, and it is stable around the 1.0730 support level at the time of writing the analysis.
The Euro initially pulled back just a bit during the trading session on Wednesday, but keep in mind Wednesday will have been a slower day due to the fact that Juneteenth was going on in the United States.
During today's trading, Wednesday, the EUR/USD price is expected to remain moving within a narrow range with a bearish bias, settling around 1.0730 at the time of writing the analysis.
At the beginning of this week’s trading, EUR/USD stabilized around $1.07, remaining at its lowest levels in seven weeks.
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The Euro rallied significantly during the early hours on Monday, as we are hanging around at the 1.07 level, an area that has been important more than once.
The EUR/USD pair came under pressure last week following the French elections, where President Macron called for early parliamentary elections after losing to the far-right National Rally party in the European vote.
The Euro fell a bit during the trading session on Thursday as the 1.08 level seems to be a little bit much to overcome.
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EUR/USD failed to hold early gains yesterday and continued its losses to the 1.073 support level, its lowest in over a month, as political uncertainty in France
The euro has plunged as of late, especially as the ECB is cut rates, and of course we have had snap elections called in France.
The EUR/USD exchange rate is under pressure as political uncertainty returns to haunt the eurozone.