EUR/USD Forecast: Euro remains in range as markets await next catalyst

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EUR/USD Forecast: Euro remains in range as markets await next catalyst
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EUR/USD continues to move up and down in a narrow range above 1.0900 after closing the previous week virtually unchanged.

EUR/USD extends sideways grind above 1.0900 to start the new week. Investors keep a close eye on headlines surrounding Iran-Israel conflict. The economic calendar will not feature any high-tier data releases on Monday. The pair's technical outlook does not offer any directional clues as investors remain on the sidelines while keeping a close eye on geopolitical headlines. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days.

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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