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.
Most Recent
According to recent trading, the EUR/USD exchange rate was softer after inflation data for March declined, but it is important to keep in mind that there are inflationary trends that will limit any weakness.
The euro rallied significantly during the course of the trading session on Wednesday.
Ahead of the release of eurozone inflation figures and then new comments from US Federal Reserve Governor Jerome Powell, the EUR/USD pair continued its strong downward trend.
The Euro initially pulled banks just a bit but at this point in time has turned around the show signs of life during the Tuesday session.
Strong US economic data results at the start of trading this important week allowed bears to drive the EUR/USD currency pair towards deeper support levels.
The Euro initially tried to rally a bit during the trading session on Monday, but at this point we turned right back around to show signs of hesitation.
As April trading begins, the EUR/USD currency pair remains below the psychological support level of 1.0800, with losses extending to 1.0767, their lowest level in five weeks.
According to forex market trading, the euro against the US dollar EUR/USD stabilized near the psychological support level of 1.0800 at the end of March trading.
Amid a holiday-dominated trading week with only the Fed's favorite inflation reading to watch, the EUR/USD currency pair is moving in tight ranges with a bearish bias.
Bonuses & Promotions
The Euro rallied slightly in the early hours on Tuesday as we have now reached the 50 day EMA.
The “EUR/USD” currency pair is at risk of further losses this week as the technical setup collapses, and that will not happen until Friday when the potentially market-moving US PCE inflation figure is released.
The euro has rallied a bit during the early hours on Monday as the 200 day EMA is offering a significant amount of support.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro continues to drift a bit lower against the US dollar, but ultimately this is a market that I think continues to see a lot of upward momentum, as well as down, as we are essentially stuck in a range.
The euro has gone back and forth during the trading session on Thursday.
The EUR/USD currency pair recovered significantly after the Federal Reserve left the US interest rate unchanged at its highest level in 23 years at 5.25%-5.5% for the fifth consecutive meeting in March 2024, in line with market expectations.