EUR/USD closed marginally lower on Tuesday but didn't have a difficult time staying afloat above 1.0800.
EUR/USD extends its sideways grind above 1.0800 midweek. Fed Chairman Powell will speak before the US House on the second day of his congressional testimony. The near-term technical outlook highlights a lack of directional momentum. EUR/USD closed marginally lower on Tuesday but didn't have a difficult time staying afloat above 1.0800. The pair's near-term technical outlook shows a lack of directional momentum.
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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