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
The euro fell after initially trying to rally on Wednesday, as we continue to see plenty of downward pressure.
For four trading sessions in a row, the price of the EUR/USD currency pair moved amid a bearish momentum that reached the support level at 1.0900.
The euro fell again on Tuesday as we have broken through the 1.0950 level.
For four trading sessions in a row, the price of the euro currency pair EUR/USD was subjected to correctional selling after its recent gains towards the 1.1185 resistance.
The Euro has fallen again during the trading session on Monday to kick off the week on the back foot yet again.
The euro has fallen a bit on Friday to break below the 1.1050 level, which suggests that we are ready to go to the 1.10 level after that.
During last week’s trading, the price of the EUR/USD currency pair attempted to rebound to the upside.
The Euro initially tried to rally during the trading session on Thursday but gave back the gains to show signs of weakness.
For three trading sessions in a row, the price of the EUR/USD currency pair is moving amid an upward momentum.
Bonuses & Promotions
The Euro has tested the 50 Day EMA yet again during the trading session on Wednesday, just as it did during the Tuesday session.
For the second day in a row, the price of the EUR/USD currency pair is trying to bounce up and get out of the sharp bearish channel that dominates the performance in the recent period.
The euro broke higher on Wednesday as rumors broke out that perhaps the Russians and the Ukrainians could come to some type of peace agreement.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The EUR/USD rose in the overnight session as the new round of talks between Russia and Ukraine continued in Turkey.
The EUR/USD exchange rate's recovery from early March lows stalled last week, causing the single European currency to partially reverse some of its gains ahead of the weekend
The euro fell a bit to kick off the Monday session before turning around and bouncing a bit.