EUR/USD holds its ground in the European session on Monday and trades above 1.1100, supported by the broad-based US Dollar (USD) weakness.
EUR/USD trades above 1.1100 in the European session on Monday. The technical outlook suggests that the bullish bias remains intact. The Federal Reserve will announce monetary policy decisions on Wednesday. EUR/USD holds its ground in the European session on Monday and trades above 1.1100, supported by the broad-based US Dollar weakness. The technical outlook highlights a buildup of bullish momentum.
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. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY , EUR/GBP and EUR/AUD .
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