EUR/USD Forecast: Euro stabilizes but remains fragile

EUR/USD holds steady near 1.0650 following the previous week's sharp decline. Investors pay close attention to geopolitical headlines on Monday. An improving risk mood could help the pair correct higher. The pair holds steady at around 1.0650 in the European session on Monday as market participants await macroeconomic data releases from the US, while keeping a close eye geopolitical developments.

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. 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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