After posting small gains on Tuesday, EUR/USD stays on the back foot early Wednesday and trades in negative territory below 1.1000.
EUR/USD trades in negative territory below 1.1000 on Wednesday. The technical outlook remains bearish in the near term. The Fed will release the minutes of the September policy meeting later. The minutes of the Federal Reserve's September policy meeting could trigger the next directional move in the pair. 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 Swiss Franc.
1100 , 200-period SMA, Fibonacci 23.6% retracement). 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.
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