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 EUR/USD pair has fallen quite drastically during most of the year for 2014, and although I think it’s still pretty bearish, you can see that I have a blue line on the chart near the 1.2050 region.
The EUR/USD pair has been in a massive downtrend for some time. However, during the entirety of November, we have seen quite a bit of consolidation near the 1.25 handle.
The EUR/USD pair has been falling rather significantly for some time now. The last couple of weeks have been somewhat consolidative though, so that being the case it appears of the market will more than likely try to break down and continue much lower.
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The EUR/USD pair fell hard during the course of the month of September, slicing through 1.28 with absolutely no trouble whatsoever. Because of this, I think that this market continues to fall and I even believe we go as low as roughly 1.20 level given enough time.
The EUR/USD pair had a bit of a bounce towards the end of June in order to test the 1.3650 area. However, I think that the real significant resistance is closer to the 1.37 handle, and as a result it really doesn’t impress me quite yet.
The EUR/USD pair has been in a gradual grind higher over the last couple of years. However, it’s been a very choppy pair in general, so anyone expecting some type of easy trade is probably deluding themselves.
The EUR/USD pair has been grinding in a choppy manner to the upside for some time now, but what has concerned me about this pair is that there is no real clear movement in one direction or the other, except for the rare occasion.
On the attached chart, you can see that the EUR/CAD pair had a rough week to end the month of March. However, you can also see that I have the 1.50 level drawn just below there on the chart with a horizontal red line, which I believe will serve as a bit of major support for this marketplace.
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Check out where the EUR/GBP pair is headed in the upcoming quarter with this Forex forecast here.
The EUR/JPY pair had a positive month for February, after getting beat up severely during the month of January. However, and less you look at monthly charts, you may not recognize that the massive selloff during the month of January was essentially a return to the previous breakout level.
The EUR/USD pair continued to bounce around in the relatively tight range that we have seen for several months during the month of February.
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Sign up to get the latest market updates and free signals directly to your inbox.This pair seems caught in a long-term consolidation and enjoys only limited price movement, the current signs are that this is likely to continue during February, but a lot will depend upon how this current week closes.
This cross has been established in a strong long-term uptrend since the summer of 2012, and has been rising strongly in its recent leg to reach a five-year high, but it is beginning to show signs of weakening or at least slowing.
The EUR/USD pair fell during the month of January, but you can see still remains locked in a fairly tight range. Essentially, with the exception of a little bit of a breakdown during the illiquid month of December, this market has been stuck between 1.35 and 1.38 for the last four months.