EUR/USD managed to find a foothold on Friday but still lost nearly 1.7% in the previous week.
EUR/USD trades near 1.0550 following previous week's sharp decline. The pair remains technically bearish in the short term despite stabilizing. ECB President Lagarde will deliver a speech later in the day. The pair stays in a consolidation phase to begin the new week and trades at around 1.0550. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the weakest against the US Dollar.
The pair trades within the descending regression channel and the Relative Strength Index indicator stays below 50. On the downside, 1.0500 aligns as first support before 1.0440 . Looking north, first resistance could be spotted at 1.0570 ahead of 1.0600 and 1.0650 . 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.
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