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.
Most Recent
The Euro's performance during the early hours of Tuesday exhibited a downward trend, with its trajectory approaching the 50-Day Exponential Moving Average (EMA).
As this week's trading begins, the technical setup for the EUR/USD exchange rate is considered bullish and calls for further gains in the coming days.
In the beginning of trading this week, the EUR/USD is stabilizing around 1.0735, awaiting any new developments.
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The EUR/USD surged higher during Friday's trading session, making a strong push towards the 200-Day Exponential Moving Average.
The EUR/USD made a significant rally during Thursday's trading session, capturing the attention of many market participants.
With the US Fed keeping interest rates at their highest level in 22 years, the EUR/USD found an opportunity to rebound higher in early trading on Thursday.
Wednesday's trading session will be closely watched by traders, with a keen eye on any developments from the Federal Reserve.
The EUR/JPY is touching long-term highs and although a slight reversal lower has taken place the past handful of hours, questions persists about this currency pair.
The Euro price tried to hold on to its gains after Eurozone inflation came in below 3.0% but core inflation remains “sticky.”
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The EUR/USD recent performance has been marked by uncertainty and volatility.
The price of the EUR/USD has been trying to rebound upward with gains that reached the 1.0625 resistance level before settling around the 1.0600 level.
In Monday's trading session, the EUR/USD exhibited a back-and-forth pattern, leaving traders with numerous questions centered around the critical 1.06 level.
During last week's trading, the bulls' attempts to push the EUR/USD pair higher failed, as the gains did not exceed the resistance level of 1.0695.
After making an initial attempt to rally, the euro experienced a notable decline, steering the market towards bearish sentiment.
The euro's recent performance has left investors on edge as it once again approaches the pivotal 1.05 level.