EUR/USD gains traction and rises toward 1.0850 in the European trading hours on Wednesday.
EUR/USD edges higher toward 1.0850 in the European session on Wednesday. Investors will have many data releases from Germany, the Eurozone and the US to assess. The technical outlook points to a buildup of bullish momentum. Although the technical outlook highlights a buildup of bullish momentum, the Euro still faces a two-way risk on high-impact macroeconomic data releases. Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today.
0810-1.0800 before 1.0750 and 1.0700 . 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.
Currencies Majors Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Euro shows no signs of a recovery ahead of US dataEUR/USD came under renewed bearish pressure on Tuesday and slumped to its lowest level since September 12 below 1.1050.
Read more »
EUR/USD Forecast: Euro finds a foothold, struggles to gather momentumEUR/USD moves sideways slightly above 1.0800 early Tuesday after managing to post small daily gains on Monday.
Read more »
EUR/USD Forecast: Euro could stretch lower once 1.0800 is confirmed as resistanceEUR/USD registered small losses on Tuesday as the US Dollar (USD) preserved its strength in the absence of high-tier data releases.
Read more »
EUR/USD Forecast: Euro closes in on next support levelEUR/USD stays under modest bearish pressure after posting small losses on Tuesday and trades at its lowest level in over two months below 1.0900 on Wednesday.
Read more »
EUR/USD Forecast: Euro could extend recovery once it confirms 1.0950 as supportAfter touching its weakest level since early August at 1.0900 on Thursday, EUR/USD staged a rebound and closed the day unchanged.
Read more »
EUR/USD Forecast: Euro remains vulnerable despite oversold conditionsEUR/USD came under renewed bearish pressure in the late American session on Wednesday and ended the day deep in negative territory.
Read more »