EUR/USD climbed to its highest level in over a month above 1.0450 in the early American session on Wednesday but struggled to preserve its bullish momentum.
EUR/USD trades near 1.0400 in the European morning on Thursday. The technical outlook points to a loss of bullish momentum in the near term. Sellers could hesitate as long as the 1.0390 support holds. EUR/USD climbed to its highest level in over a month above 1.0450 in the early American session on Wednesday but struggledto preserve its bullish momentum. After closing the day marginally lower, the pair trades in a tight channel near 1.0400 in the European morning on Thursday.
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 $2.2 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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