EUR/USD opened with a bullish gap and advanced to the 1.0900 area to start the new week, with the US Dollar (USD) coming under heavy selling pressure heading into the presidential election.
EUR/USD started the new week higher and climbed to the 1.0900 area. The US Dollar stays under pressure as markets gear up for the presidential election. The pair's technical outlook points to a bullish tilt in the near term. EUR/USD opened with a bullish gap and advanced to the 1.0900 area to start the new week, with the US Dollar coming under heavy selling pressure heading into the presidential election.
0950 could be seen as next resistance before 1.1000 . On the downside, a daily close below 1.0870 could discourage buyers and open the door for an extended slide toward 1.0800 . 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. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.
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