EUR/USD registered small losses on Tuesday as the US Dollar (USD) preserved its strength in the absence of high-tier data releases.
EUR/USD trades in a tight channel near 1.0800 after posting small losses on Tuesday. The next technical support for the pair could be seen at 1.0750. ECB President Lagarde will speak on the European economic outlook. EUR/USD registered small losses on Tuesday as the US Dollar preserved its strength in the absence of high-tier data releases. The pair was last seen fluctuating near 1.0800.
0830 , upper limit of the descending channel) could be seen as first resistance before 1.0870 and 1.0900 . 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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