Following Wednesday's upsurge, EUR/USD struggled to preserve its bullish momentum and closed modestly lower on Thursday.
EUR/USD holds steady above 1.0850 after closing in the red on Thursday. The near-term technical outlook suggests that the bullish bias remains intact. Fedpseak will be scrutinized in the absence of macroeconomic data releases. Following Wednesday's upsurge, EUR/USD struggled to preserve its bullish momentum and closed modestly lower on Thursday. The pair stays relatively calm slightly above 1.0850 in the early European session o Friday.
0820 , mid-point of the channel) ahead of 1.0790-1.0800 . 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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