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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Amid a state of cautious optimism for the easing of fears about the prolongation of the Russian-Ukrainian war, the price of EUR/USD attempted to rebound higher
For the second day in a row, the price of the EUR/USD currency pair is trying to recover from the recent collapse that pushed it towards the 1.0806 support level, its lowest since May 2020.
The price of the euro against the dollar entered the new week’s trading near its lowest level in two years and may be subject to more losses.
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The euro fell rather hard on Monday to reach down towards the 1.08 level.
At the end of last week's trading, the EUR/USD exchange rate fell by a full percentage to reach the 1.0885 support level, its lowest since May 2020.
The euro broke significant support on Friday as we have seen a stronger-than-anticipated jobs number in the United States.
The Euro has broken down again during the trading session on Thursday as the situation in Ukraine continues to deteriorate.
The pace of losses for the EUR/USD currency pair continued more towards a noticeable support level on the charts in the middle of this week's trading.
The euro initially sliced well below the 1.10 level, as there was a major “risk-off” type of situation.
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In light of the constant anxiety in the financial markets, the selling operations of the euro against the dollar EUR/USD are still going on.
The euro fell all the way down to the 1.11 handle underneath, which is where we had bounced from previously.
The EUR/USD exchange rate has entered this week's trading under pressure.
The Euro got hammered right off the bat on Monday morning, gapping down to reach towards the 1.1121 level.
At the end of last week’s trading, the price of the euro currency pair against the US dollar EUR/USD attempted to recover after its collapse to its lowest level during 2022
The Euro has rallied a bit heading into the weekend, which of course is a bullish sign.