EUR/USD lost more than 0.5% on Wednesday and continued to stretch lower early Thursday.
EUR/USD came under renewed bearish pressure and dropped below 1.1100. German inflation data and US GDP revision will be featured in the economic calendar. The near-term technical outlook points to a buildup of bearish momentum. At the time of press, the pair was trading at its lowest level in over a week below 1.1100. 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 New Zealand Dollar.
1160 could be seen as next resistance before 1.1200 . Euro FAQs What is the Euro? The Euro is the currency for the 20 European Union countries that belong to the Eurozone. 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.
Currencies Majors Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Euro holds above key support ahead of US eventsEUR/USD extended its winning streak into a third consecutive trading day on Tuesday and reached a 2024-high above 1.1130.
Read more »
EUR/USD Forecast: Euro breaks out of range ahead of US inflation dataEUR/USD gathered bullish momentum after breaking out of its one-week-old range and reached its highest level since early January above 1.1000.
Read more »
EUR/USD Forecast: Euro stays dangerously close to key support area ahead of FedEUR/USD struggles to gain traction early Wednesday and continues to fluctuate in a narrow channel slightly above 1.0800 after posting small losses on Tuesday.
Read more »
EUR/USD Forecast: Euro could extend correction in case 1.1100 support failsAfter 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.
Read more »
EUR/USD Forecast: Improving risk mood could help Euro stretch higherEUR/USD continues to move up and down in a narrow band above 1.1150 after posting small losses on Monday.
Read more »
EUR/USD Forecast: Euro could correct lower if 1.1100 support failsAfter rising for four consecutive trading days and gaining more than 1.5% in that rally, EUR/USD staged a correction in the American session on Thursday and closed the day in negative territory.
Read more »