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 Euro bounced a bit from a major support level just below the 1.08 handle, an area that I had been calling for a couple of the past videos now.
Over the past two weeks, the US saw initial jobless claims surge by roughly ten million due to the global Covid-19 pandemic.
The Euro broke down rather significantly during the trading session on Thursday, reaching towards the 1.08 level, an area that I had suggested that could be targeted.
The Euro continues to go back and forth, and I simply think there’s no real directionality to this pair right now.
The Euro initially fell during trading on Tuesday but then turned around to show signs of support.
The Euro initially tried to rally during the trading session on Monday but has seen a lot of resistance at the 1.1150 level.
The Euro has initially pulled back during the trading session on Friday and looked quite soft until the Europeans and the British went home.
The Euro has been all over the place during the month of March, as markets are trying to figure out what to do with themselves.
The Euro has rallied a bit during the trading session on Thursday, breaking above the 1.10 level.
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The Euro has been very difficult to trade over the last couple of days because although it has been bullish during most of the time, it keeps pulling back rather rapidly.
The Euro rallied a bit during the trading session on Tuesday but gave back a significant amount of the gains in order to form a bit of an inverted hammer.
The Euro has been all over the place during the Monday session, as the Federal Reserve has suggested that it was going to expand quantitative easing yet again.
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The Euro initially tried to rally during the trading session but found the area near the 1.10 level would be far too resistive to continue going higher.
Due to the financial meltdown in response to Covid-19, a liquidity crunch forced inflows into the US Dollar, providing a short-term boost to price action.