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.
Despite US Central Bank Governor Jerome Powell's assertion of the possibility of raising US interest rates throughout the year 2023 until inflation is contained
The EUR/USD exchange rate trimmed May's losses in last week's trading, but the rise has already stopped near a stubborn level of technical resistance on the charts.
During Monday's trading session, the EUR/USD experienced a slight pullback as market participants sought to determine whether the upward momentum can be sustained.
The price of the EUR/USD currency pair moved positively yesterday, with gains that reached the resistance level 1.0865, before settling around 1.0810 at the time of writing
The EUR/USD exchange rate rose briefly to its highest levels in June after official data indicated that US inflation was approaching its target and seemed to reduce pressure on the Federal Reserve
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