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 rallied significantly during the trading session on Friday, reaching towards the 1.14 level.
The Euro fell almost immediately on Monday to kick off the week, as we reached below the 1.13 level based upon fears coming out of both Italy and less than desirable economic figures coming out of the European Union in general.
The Euro fell again on Friday, reaching down towards the 1.13 level and an area that of course has offered support.
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The month of October wasn’t very good to the Euro, as we broke back towards the recent lows.
The Euro went back and forth during the trading session on Tuesday, dancing above the 1.1450 level yet again. However, we didn’t exactly break out either so I’m not necessarily excited about the Euro.
The Euro initially tried to rally during the day on Monday to kick off the week, showing signs of support again at the 1.15 handle.
The EUR/USD pair has gone back and forth over the last couple of months, as we continue to test the 1.15 level underneath, an area that I think is crucial for support.
The Euro has been grinding sideways during most of the month of June, as May was absolutely atrocious for the common currency.
The EUR/USD pair initially fell during trading on Tuesday but turned around and show signs of strength.
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The Euro was rocked back and forth during the trading session on Thursday, as the United States announced fresh tariffs against the European Union consisting of 25% for steel, and 10% for aluminum.
The EUR/USD pair has broken down significantly during the month, losing over 500 pips.
The Euro rallied a bit during the trading session on Thursday but gave back about half of the gains in a sign of just how soft this pair is.
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The EUR/USD pair was sideways most of the month of April, but then broke down significantly to crash into the 1.21 handle.
The EUR/USD pair went back and forth during the trading session on Tuesday, forming a bit of a neutral candle.