EUR/USD holds steady above 1.0600 early Wednesday after posting small losses on Tuesday.
EUR/USD fluctuates in a tight range above 1.0600 on Wednesday. Euro could stretch higher in case it clears 1.0660. Markets will pay close attention to comments from central bankers. The near-term technical outlook suggests that the pair could extend its recovery in case it manages to clear 1.0660. EUR/USD edged higher in the early American session on Tuesday after the disappointing housing data from the US weighed on the US Dollar .
Supports are located at1.0600 , 1.0550 and 1.0500 . 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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