EUR/USD trades below 1.0900 after posting large losses on Thursday. Near-term technical outlook points to a bearish tilt. The pair needs to reclaim 1.0900 to discourage sellers. The pair stays relatively calm but struggles to gather recovery momentum early Friday. After the data from the US showed that producer inflation, as measured by the change in the Producer Price Index , climbed to 1.
In this scenario, 1.0920 could act as interim resistance before 1.0950 . 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.
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