After closing the first three days of the week in negative territory, EUR/USD gathered bullish momentum on Thursday and registered strong gains.
EUR/USD continues to push higher after posting strong gains on Thursday. Technical buyers could take action in case the pair flips 1.1100 into support. European Central Bank lowered the benchmark interest rate by 25 basis points. The pair continues to edge higher toward 1.1100 in the European morning on Friday. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the strongest against the Swiss Franc.
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. 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 .
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: EUR/USD gaining bearish traction near 1.1000The EUR/USD pair is pressured, trading near its daily low at 1.1027.
Read more »
EUR/USD Forecast: EUR/USD pressures 1.1000 after disappointing US CPIThe EUR/USD pair heads into the United States (US) opening trading near a fresh four-week low of 1.1002, as the US Dollar surged following the release of Consumer Price Index (CPI) figures.
Read more »
EUR/USD Forecast: EUR/USD poised to extend decline towards 1.1000The EUR/USD pair eased towards 1.1035 during European trading hours, as the Euro got hit by poor local data fueling concerns about the Eurozone’s economic performance.
Read more »
EUR/USD Forecast: Euro turns bearish to start new weekAfter rising above 1.1150 for the first time in a week in the early American session on Friday, EUR/USD reversed its direction and closed the day below 1.1100.
Read more »
EUR/USD Forecast: Euro falls below key support ahead of data releasesEUR/USD lost more than 0.5% on Wednesday and continued to stretch lower early Thursday.
Read more »
EUR/USD Forecast: Euro remains bullish despite mixed PMI dataEUR/USD preserved its bullish momentum on Wednesday and reached its highest level since July 2023 above 1.1170.
Read more »