EUR/USD Forecast: Euro could look to reclaim 1.1000 on improving risk mood

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EUR/USD Forecast: Euro could look to reclaim 1.1000 on improving risk mood
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EUR/USD regains its traction and rises toward 1.1000 in the European session on Friday after snapping a three-day winning streak on Thursday.

EUR/USD edges higher toward 1.1000 after posting losses on Thursday. The pair could push higher in case risk flows dominate markets ahead of the weekend. The US economic docket will feature consumer sentiment and housing data. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.64% -0.97% 1.41% -0.09% -0.81% -0.25% 0.40% EUR 0.64% -0.30% 2.06% 0.

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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