EUR/USD declined marginally on Monday but managed to stabilize above 1.0850 early Tuesday.
EUR/USD trades in a narrow range above 1.0850 on Tuesday. The near-term technical outlook points to a loss of bullish momentum. Several Fed policymakers are scheduled to speak later in the day. The pair's near-term technical outlook points to a loss of bullish momentum as investors search for the next catalyst. The trading action remained subdued in financial markets on Monday in the absence of high-tier data releases.
On the upside, first resistance is located at 1.0890 ahead of 1.0910 and 1.0940 . 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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