EUR/USD and GBP/USD Forecast

EUR/USD is the most popular pair for Forex currency traders worldwide and with good reason. Trading Euro to US dollar (or vice versa) gives currency traders the opportunity to make use of the world’s two largest economies and to take advantage of the volatility and liquidity intrinsic to this pair.

Stop loss is set at 1. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. The Euro rallied significantly during the day as Mario Draghi spoke, crashing into the 1. Country Please Select Please select a country.

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The allure of forex day trading is that you can trade hours a day. Unfortunately, that doesn't mean you should. Day traders should only trade a forex pair when it's active and there's lots of volume and transactions occurring. The EUR/USD has certain hours which are acceptable for day trading.

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