EUR/USD holds its ground and trades in a narrow channel at around 1.0800 after closing the fourth consecutive week in negative territory.
EUR/USD trades marginally higher on the day at around 1.0800. The pair could extend its recovery once it confirms 1.0800 as support. In the absence of high-tier data releases, the risk perception could drive the pair's action. The positive shift seen in risk mood could help the pair edge higher in the second half of the day. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the weakest against the US Dollar.
Euro FAQs What is the Euro? The Euro is the currency for the 19 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. 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 .
Majors Currencies 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 sellers to retain control while 1.1000 holds as resistanceEUR/USD continued to push lower on Friday and lost more than 1.5% on a weekly basis.
Read more »
EUR/USD Forecast: Euro stays fragile as key resistance holdsEUR/USD trades on the back foot to start the week and stays in negative territory at around 1.0850 after closing in the green on Friday.
Read more »
EUR/USD Forecast: Euro shows no signs of a recovery ahead of US dataEUR/USD came under renewed bearish pressure on Tuesday and slumped to its lowest level since September 12 below 1.1050.
Read more »
EUR/USD Forecast: Euro could stretch lower once 1.0800 is confirmed as resistanceEUR/USD registered small losses on Tuesday as the US Dollar (USD) preserved its strength in the absence of high-tier data releases.
Read more »
EUR/USD Forecast: Euro closes in on next support levelEUR/USD stays under modest bearish pressure after posting small losses on Tuesday and trades at its lowest level in over two months below 1.0900 on Wednesday.
Read more »
EUR/USD Forecast: Euro could extend recovery once it confirms 1.0950 as supportAfter touching its weakest level since early August at 1.0900 on Thursday, EUR/USD staged a rebound and closed the day unchanged.
Read more »