EUR/USD closed the first trading day of the week marginally higher but failed to gather further bullish momentum.
EUR/USD edges lower after closing in positive territory on Monday. The technical outlook is yet to point to a buildup of directional momentum. The US economic calendar will feature producer inflation data. The pair holds above 1.0900 and continues to trade within its week-old range. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the weakest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.
On the upside, resistances are located at 1.0940 , 1.0960 and 1.1000 . 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.
Currencies Majors Technical Analysis
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Euro recovers above key level following bearish openingAfter posting strong gains in the previous week, EUR/USD opened lower to start the new week.
Read more »
EUR/USD Forecast: Euro stabilizes near pivot level as markets await next catalystEUR/USD moves up and down in a tight band at around 1.0900 in the European trading hours on Tuesday after closing the first trading day of the week virtually unchanged.
Read more »
EUR/USD Forecast: Euro could meet next resistance at 1.0960EUR/USD gathered bullish momentum and climbed to its highest level since mid-March above 1.0900 in the European session on Wednesday.
Read more »
EUR/USD Forecast: Euro stabilizes above 1.0900 as focus shifts to ECBEUR/USD extended its weekly rally and touched its highest level since mid-March near 1.0950 on Wednesday.
Read more »
EUR/USD Forecast: Euro finds it difficult to gather bullish momentumAfter closing the last two days of the previous week in negative territory, EUR/USD seems to have entered into a consolidation phase slightly below 1.0900 early Monday.
Read more »
EUR/USD Forecast: Euro tests key support level below 1.0900EUR/USD registered small gains on Monday as the US Dollar (USD) struggled to find demand during the American trading hours.
Read more »