EUR/USD fluctuates at around 1.0850 in the early European session on Tuesday after closing in positive territory on Monday.
EUR/USD holds steady near 1.0850 after closing in the green on Monday. Euro could face resistance at 1.0860 before targeting 1.0890-1.0900. Improving risk mood could help the pair stretch higher. Improving risk mood could make it difficult for the US Dollar to find demand and help the pair extend its recovery in the near term. 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.
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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EUR/USD Forecast: Hawkish ECB commentary helps Euro hold above key supportEUR/USD came within a touching distance of 1.0900 in the early American session on Tuesday but managed to erase its daily losses.
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EUR/USD Forecast: Euro needs to reclaim 1.0900 to attract bullsEUR/USD went into a consolidation phase after closing the previous week in negative territory.
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EUR/USD Forecast: Euro tests key support on broad USD strengthEUR/USD stays on the back foot and edges lower toward the 1.0850 area in the early European session on Tuesday, after closing in negative territory on Monday.
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EUR/USD Forecast: Euro fluctuates between key technical levels ahead of FedEUR/USD seems to have stabilized slightly above 1.0850 in the early European session on Wednesday after registering small losses on Tuesday.
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EUR/USD Forecast: Euro could test 1.1000 nextEUR/USD gathered bullish momentum after declining below 1.0850 on Wednesday and closed the day with strong gains above 1.0900.
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