The EUR/USD exchange rate entered the new week's trading once again, determined to break the parity rate.
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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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The Euro has broken through parity again during the trading session on Monday and has now left the parity level behind.
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Investors’ desire to buy the US dollar and abandon the euro contributed to the increase in the selling operations of EUR/USD.
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The Euro has fallen during the trading session on Friday, as it looks like we are hell-bent on testing the parity level again.
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The Euro continues to take a bit of a beating as we have seen it drop through the 1.01 level during trading on Thursday.
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The rise of the US dollar will continue and ensure that the euro remains under pressure, according to new research from Swedbank.
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The Euro bounced ever so slightly during the trading session on Wednesday as the FOMC Meeting Minutes came out.
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Since the start of this week’s trading, the price of the euro currency pair against the US dollar EUR/USD has been subjected to strong selling operations.
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The EUR/USD currency pair went back and forth Tuesday as nobody really knows what to do with themselves at this point.
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The EUR/USD exchange rate hit a six-week high in recent trading.
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The EUR/USD currency pair fell hard on Monday, reaching down to the 1.0150 level.
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With the start of this week's trading, the price of the EUR/USD currency pair completed the downward path, closing last week's trading around the support level 1.0232.
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The EUR/USD currency pair fell a bit on Friday as we continue to see a lot of concern around the world.
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The Euro has rallied a bit during the trading session on Thursday, as we continue to hang about the 50 Day EMA.
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There is no doubt that the decline in US inflation rates stronger than expected contributed a lot to the decline of the US dollar against the rest of the other major currencies.
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