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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After reaching its highest level since 2022, EUR/USD has pulled back near the 1.1300 support zone, with traders watching closely for signs of either trend continuation or reversal.
The euro continued to sell off on Wednesday after a parabolic rally, with EUR/USD potentially entering a consolidation phase between 1.12 and 1.15.
The EUR/USD pair remains in an overall bullish trend as traders await key Eurozone PMI data, with recent pullbacks seen as normal within the broader uptrend.
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The euro’s rally paused near the crucial 1.15 resistance level on Tuesday, as overbought conditions suggest a potential pullback toward 1.12 may be due.
EUR/USD pushes to its highest level in over three years, fueled by persistent US dollar weakness and geopolitical uncertainty, with 1.1600 in sight.
The euro surged past the 1.15 level but shows signs of exhaustion, with traders watching for a potential pullback amid overbought conditions and shifting sentiment.
The EUR/USD pair maintains bullish momentum near multi-year highs, with further gains hinging on easing trade tensions and upcoming Eurozone and U.S. data.
EUR/USD continues its bullish trend amid thin trading, with 1.12 acting as key support and 1.15 in focus, though overbought conditions hint at possible consolidation.
The bulls successfully propelled the EUR/USD currency pair, settling above the 1.1400 resistance to adopt a bullish stance ahead of the European Central Bank's
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The euro continues to Rally during the trading session on Wednesday, but it looks as if we still see a lot of resistance near the 1.14 level. The 1.14 level is an area that has been very resistant over the course of the last 4 days or so, and now we have to start to ask questions as to what exactly it is we are seeing at these elevated levels. After all, we have seen the market gets to this area very quickly, but every time we pull back it’s also very persistent. Because of this, I think you have got a situation where traders are doing everything they can to break to the upside, but there’s obviously a lot of supply up in this area.
In our technical analyses for the EUR/USD pair, we had indicated that the recent stability near its highest levels since January 2022, when it tested the 1.1473
The euro faces resistance at 1.14 and may pull back toward 1.12 as trade tensions rise and markets await the ECB's next move.
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Sign up to get the latest market updates and free signals directly to your inbox.EUR/USD trades near multi-year highs with bullish momentum intact, as traders watch for ECB rate guidance and key German economic sentiment data.
The Euro backed off from recent highs as EUR/USD faces resistance near 1.14, with traders eyeing 1.12 as a likely support level amid US policy uncertainty.
The EUR/USD pair is holding bullish momentum near multi-year highs ahead of this week’s ECB rate decision, with traders eyeing 1.1500 as the key resistance.