After posting small daily gains on Tuesday, EUR/USD stays on the back foot and trades in negative territory below 1.1150 in the European session on Wednesday.
EUR/USD edges lower after closing marginally higher on Tuesday. 1.1100 aligns as the next important support for the pair. The economic calendar will not offer high-tier data releases that could impact EUR/USD's action. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the weakest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.44% -0.06% 0.07% -0.36% 0.02% -0.29% -0.50% EUR -0.44% -0.55% -0.37% -0.
It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD .
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EUR/USD Forecast: Euro stabilizes above 1.0900, discouraging sellersFollowing the highly volatile action seen earlier in the week, EUR/USD fluctuated in a tight channel on Wednesday and closed the day virtually unchanged.
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