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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As we predicted earlier, the Euro will remain weak as long as economic and political tensions in the largest economies of the Eurozone persist and increase.
The euro has been all over the place during the trading session on Wednesday, as we continue to see a lot of noisy behavior in general.
EUR/USD remains stable near 1.05 with a bearish outlook, as investors eye Powell's comments and US jobs data, targeting support at 1.0440 and resistance at 1.0670.
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In my daily analysis of the EUR/USD pair, the first thing I see is that the euro is struggling against the US dollar yet again.
EUR/USD declines below 1.0500 under pressure from US dollar strength, driven by trade policy fears and eurozone political instability.
The EUR/USD remains bearish around 1.0515 as dollar strength persists, with focus on US jobs data and critical support at 1.0455 for potential further declines.
During my daily analysis of the EUR/USD pair, the first thing that comes to the forefront is the fact that we try to break above the crucial 1.06 level.
The euro initially fell a bit against the US dollar during the trading session on Thursday as Thanksgiving would have caused a little bit of liquidity problems in the market.
EUR/USD rebounds weakly, stabilizing near 1.0546 as ECB commentary offers support, but bearish pressure remains amid global uncertainties and low liquidity.
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The Euro has rallied a bit during the early hours on Wednesday as we have seen the United States dollar give back some of its gains.
A surge in sentiment following Trump's absence of threats to impose tariffs on the Eurozone helped the EUR/USD currency pair rebound to a high of 1.0544.
The EUR/USD currency pair's attempt to recover at the end of last week with gains to the 1.0530 level quickly evaporated and returned downward this week.
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In my daily analysis of the EUR/USD pair, it looks like the euro is simply treading water, just below the crucial 1.05 level.
At the beginning of this week's trading, the EUR/USD currency pair is expected to stabilize around its recent losses, which extended to the support level of 1.0332 last week.
Since the beginning of this week, the EUR/USD currency pair has been attempting to recover from its year-low, but rebound gains have not exceeded the 1.0609 level, and it is currently stabilizing around 1.0548 at the time of writing this analysis.