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.
The Euro has been range bound for the last couple of years. While it has been a very rocky and tumultuous road, the reality is that we have been trading between 1.05 and 1.15 for almost 2 years now. Find out what's in store for this unpredictable pair for the new year ahead.
Over the last couple of weeks, the EUR/USD pair has done almost nothing. I think that will probably continue to be the way going forward, and the only thing that I would say about this pair for the month of October is the need to pay attention to the 3 lines I have drawn on this chart.
The EUR/USD pair has been the epicenter of a lot of noise lately, with the United Kingdom voting itself out of the European Union. Needless to say that cause quite a bit of volatility towards the end of the month, and as a result I believe that this market will continue to be the epicenter of a lot of noise.