After closing the last two days of the previous week in negative territory, EUR/USD seems to have entered into a consolidation phase slightly below 1.0900 early Monday.
EUR/USD trades in a tight range slightly below 1.0900 early Monday. Market reaction to US politics remain subdued at the beginning of the week. The pair could stretch lower if 1.0880 support fails. The pair's technical outlook points to a lack of buyer interest in the near term. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.
In this scenario, 1.0940 could act as strong resistance before 1.1000 could be set as the next bullish target. Euro FAQs What is the Euro? The Euro is the currency for the 20 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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