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.
EUR/USD traded erratically on Thursday as investors prepared for the US nonfarm payrolls report, with the author maintaining a bearish outlook amid concerns about European energy inflation and interest-rate differentials.
After showing a rather steady ability to create a trajectory lower, suddenly traders have been dealt an opportunity to pursue a reversal in the EUR/USD.
EUR/USD struggled to sustain Tuesday's early gains, encountering renewed selling pressure around the 1.1200 level.
EUR/USD remains under pressure despite an attempted recovery driven by hopes of renewed US-Iran diplomacy.
EUR/USD: Can US Data Shift the Mood After the Fed Hold?
EUR/USD recovered slightly during Wednesday's session as traders reduced short positions ahead of the Federal Reserve announcement, but Chris Lewis remains bearish on the euro.
EUR/USD continues to consolidate with a bearish bias as higher US interest rates, European energy concerns and potential dollar liquidity demand weigh on the euro.
Retail traders should understand that whipsaw action – if they have limited funds and ability to ride EUR/USD storms out – will occur throughout this week.
EUR/USD is consolidating around 1.1200 as reports of US diplomatic withdrawals from Saudi Arabia raise concerns about renewed Middle East conflict and its potential impact on European energy supplies.
EUR/USD continues to trade sideways with a bearish bias as interest rate differentials and concerns over rising European energy costs weigh on the euro.
While upside is being challenged in the EUR/USD there have also been periodic bouts of pushback, not allowing the currency pair to transcend loftier heights. Next week’s Federal Reserve meeting and rate decision coming on Wednesday is certainly in the mindset of traders.
EUR/USD has rallied as declining US Treasury yields and signs of easing political unrest in France provide some support for the euro.
EUR/USD remains under pressure as France's fiscal and political uncertainty and the favorable US interest rate differential support the dollar.
While the EUR/USD certainly has provided evidence that lower realms seen in the middle of last week were too low, the ability to confront higher realms and continue climbing is not likely to remain a strong temptation quite yet.
EUR/USD rebounded on Thursday as falling US Treasury yields weakened the dollar despite stronger-than-expected US inflation data.
