The EUR/USD currency pair rebounded towards 1.0400 in American trading hours after experiencing a decline during the European session. A positive risk mood and a bullish Wall Street opening hindered the US Dollar's strength, contributing to the EUR/USD recovery. Technical indicators suggest a bullish bias for the pair in the near term, with potential resistance at 1.0390-1.0400 and further upside towards 1.0440 and 1.0500.
EUR/USD recovers toward 1.0400 following the decline seen in the Euro pean session. The technical outlook points to a bullish bias in the near term. The improving risk mood makes it difficult for the US Dollar to preserve its strength. After spending the Euro pean session under bearish pressure, EUR/USD gains traction and recovers toward 1.0400 in the American trading hours. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week.
0440 could be seen as next resistance before 1.0500 . On the downside, 1.0350 aligns as first support ahead of 1.0320 and 1.0290 . 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 US Dollar Euro Risk Sentiment Technical Analysis Wall Street
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 Recovers But Remains BearishThe EUR/USD currency pair bounced back towards 1.0300 on Friday, but a bearish trend persists in the near term.
Read more »
EUR/USD Recovers from Two-Year Low Amid Modest USD Weakness and Gradual Tariff ExpectationsThe EUR/USD pair rebounds from two-year lows, supported by a weakening USD and reports of a gradual tariff increase plan by President-elect Trump's economic advisors. The divergent monetary policy outlook between the Fed and ECB, coupled with upcoming US economic data, influences the pair's near-term trajectory.
Read more »
EUR/USD Price Analysis: Tests nine-day EMA near 1.0450, improved RSI supports upsideEUR/USD extends its gains for the third consecutive day, trading around 1.0440 during the Asian hours on Monday.
Read more »
EUR/USD consolidates at start of the week with Fed officials supporting fewer rate cutsEUR/USD trades quietly at the start of the week around 1.0440 in Monday’s European session.
Read more »
EUR/USD Forecast: Euro struggles to gather recovery momentumFollowing the sharp decline seen after the Federal Reserve's policy announcements midweek, EUR/USD staged a rebound and closed in positive territory on Friday.
Read more »
Forex Trading Update: EUR/USD, GBP/USD, and USD/JPYThis article provides a snapshot of current forex market movements. EUR/USD hovers around 1.0450, GBP/USD weakens below 1.2600 due to revised UK GDP data, and USD/JPY remains under pressure despite Friday's recovery.
Read more »