EUR/USD came under renewed bearish pressure on Tuesday and slumped to its lowest level since September 12 below 1.1050.
EUR/USD trades below 1.1100 following Tuesday's sharp decline. 1.1040 aligns as next support level for the pair. US economic calendar will feature ADP Employment Change data for September. The pair's stays in a consolidation phase near 1.1070 in the European morning on Wednesday but the technical outlook highlights a lack of buyer interest. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week.
1100, where the 100-period and the 200-period Simple Moving Averages meet the Fibonacci 23.6% retracement, ahead of 1.1150 and 1.1200 . 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.
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