For two days in a row, the price of the EUR/USD currency pair tried to rebound to the upside after strong selling operations that pushed it towards the support level 1.0536.
Technical Analysis
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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Technical Analysis
The EUR/USD experienced some early losses during Tuesday's trading session but found sufficient support at the 1.06 level to reverse course and demonstrate some resilience.
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The EUR/USD exchange rate entered the new week's trading in search of a foothold near its lows in 2023.
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The EUR/USD currency pair fell to touch the 200-Day EMA, but it bounced back to show signs of life and now threatens the 1.06 level.
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Expectations about the future of the American interest rate increase followed a series of consecutive positive figures for the sectors of the American economy.
Technical Analysis
In Friday's trading session, the EUR/USD attempted to rally but quickly lost momentum, leading to a lot of negativities in the market.
Technical Analysis
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The EUR/USD has been trading around the 1.06 level, showing no clear direction in recent sessions.
Technical Analysis
Increasing expectations about the future of more strength and times of raising US interest rates brought the US dollar more strength against all other major currencies.
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During Wednesday's trading session, the Euro traded in a range, hovering just above the 1.06 level.
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During Tuesday's trading session, the Euro saw a slight decline, as the common currency continued to show some weakness.
Technical Analysis
The EUR/USD exchange rate erased all of its New Year's gains over the course of February trading but drew support on Friday from the hawkish resolve of the European Central Bank (ECB).
Technical Analysis
On Monday's trading session, the Euro did very little, and there is a lot of hesitation around the 50-Day EMA.
Technical Analysis
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It was a strong bearish trading week for the performance of the EUR/USD currency pair.
Technical Analysis
The Euro has dipped again during the training session on Friday, breaking below the 50-Day EMA.
Technical Analysis
The EUR/USD has gone back and forth during the trading session on Thursday, as we continue to see the 50-Day EMA offer support.
Technical Analysis