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 EUR/USD currency pair has pulled back a bit on Wednesday as we have seen a lot of negativity as far as risk appetite is concerned out there.
The current bullish rebound in the performance of the EUR/USD currency pair with gains towards the 1.0096 resistance level caused a noticeable decline in the US dollar
The price of the euro against the dollar, EUR/USD, entered the trading of the new week amid bullish momentum.
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The European single currency, the euro, benefited from a broad decline in the US dollar before last weekend.
I expect that the results of the US Federal Reserve meeting will have a strong reaction on the markets.
All eyes are on the markets and investors are waiting for the decisions of the US Central Bank, which will have a strong reaction on all currencies against the US dollar.
The Euro remained one of the top performing major currencies last week even after the European Central Bank's October decision prompted the market
The EUR/USD tried to rally initially during the trading session on Friday, but it looks as if parity is going to hold as resistance.
The Euro has broken above parity, and it looks like we are in the midst of some type of serious move to the upside.
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The EUR/USD has rallied significantly during the trading session on Tuesday to show signs of life again, testing a major downtrend line.
The EUR/USD initially fell during the trading session on Monday, but then turned around to show signs of life again.
The Euro has initially pulled back a bit during the trading session on Friday, but then shot much higher as the Bank of Japan has intervened in the Forex markets.
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The euro has fallen against the greenback yet again during the trading session on Wednesday, as the common currency continues to act as a punching bag.
The Euro rallied just a bit during the trading session on Tuesday as we continue to see a little bit of a recovery.
The Euro has pulled back a bit during the trading session on Friday to wipe out most of the body of the bullish candlestick from the Thursday session.