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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Since the start of this week's trading, the EUR/USD is trying to correct upwards.
The euro fluctuated during the trading session on Wednesday as we continue to hang around the 200-day EMA.
Since the start of this week's trading, the price of the EUR/USD has been trying to correct upward and compensate for its sharp losses recently, to reach the 1.1848 support level.
The euro has initially fallen a bit during the trading session on Tuesday, but then turned around to show signs of strength as Jerome Powell testified in front of Congress.
For the second day in a row, the price of the EUR/USD currency pair is trying to correct upwards after sharp selling operations that pushed it towards the 1.1847 support level.
The euro rallied a bit during the trading session on Monday to recover quite nicely.
The US Central Bank's announcement this week brought the EUR/USD currency pair a sharp downward momentum that caused the currency pair's worst weekly performance since March 2020.
This is a market that has completely overreacted, as we have thrown a bit of a short-term tantrum.
The Euro has broken down significantly during the trading session on Tuesday to reach down towards the 200 day EMA.
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Amid the worst daily performance of the EUR/USD currency pair in months, the pair collapsed from the resistance level of 1.2135 to the support level of 1.1994
The euro got absolutely crushed during the trading session on Wednesday as the Federal Reserve came out and suggested that inflation was running a bit hotter than originally anticipated.
Since the start of this important week’s trading, the price of EUR/USD currency pair has been moving in narrow, limited ranges, as we expected since the end of last week’s trading.
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Sign up to get the latest market updates and free signals directly to your inbox.The euro has gone back and forth during the trading session on Tuesday as we wait to see what the Federal Reserve has to say late on Wednesday.
There was a sharp bearish start to the performance of the EUR/USD currency pair for this week's trading that pushed it towards the 1.2093 support level, before settling around the 1.2140 level
The euro did very little during the trading session on Monday, as we essentially are simply sitting at the 50-day EMA and trying to find some direction.