Following Wednesday's upsurge, EUR/USD struggled to preserve its bullish momentum and closed modestly lower on Thursday.
EUR/USD holds steady above 1.0850 after closing in the red on Thursday. The near-term technical outlook suggests that the bullish bias remains intact. Fedpseak will be scrutinized in the absence of macroeconomic data releases. Following Wednesday's upsurge, EUR/USD struggled to preserve its bullish momentum and closed modestly lower on Thursday. The pair stays relatively calm slightly above 1.0850 in the early European session o Friday.
0820 , mid-point of the channel) ahead of 1.0790-1.0800 . 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
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EUR/USD Forecast: Euro could correct lower before extending uptrendEUR/USD gathered bullish momentum and climbed to its highest level in nearly two months above 1.0890.
Lire la suite »
EUR/USD Forecast: Euro clears key resistance ahead of US inflation reportEUR/USD gathered bullish momentum in the early American session on Tuesday and climbed above 1.0800.
Lire la suite »
EUR/USD Forecast: Euro could stretch higher if it stabilizes above 1.0800EUR/USD benefited from the modest selling pressure surrounding the US Dollar (USD) and closed in positive territory on Monday.
Lire la suite »
EUR/USD Forecast: Euro could struggle to stretch higher on hawkish Fed commentaryEUR/USD fluctuates in a narrow channel above 1.0750 to start the new week.
Lire la suite »
EUR/USD Forecast: Euro bulls stay on the sidelinesEUR/USD came under modest bearish pressure and closed in negative territory on Tuesday.
Lire la suite »
EUR/USD Forecast: Euro struggles to extend reboundEUR/USD stays in a consolidation phase slightly above 1.0750 in the European morning on Tuesday after posting small gains on Monday.
Lire la suite »