EUR/USD stays in a consolidation phase below 1.1200 in the European morning after reaching its highest level in over a year.
EUR/USD trades in a narrow channel below 1.1200 early Monday. The near-term technical outlook suggests that the bullish trend remains intact. US economic calendar will feature Durable Goods Orders data for July. The pair's near-term technical picture suggests that the bullish trend remains in place but there could be a correction before the next leg higher. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days.
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 .
Majors Technical Analysis Currencies
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Forecast: The bullish bias persists above the 200-day SMAOn Wednesday, EUR/USD met further selling interest, adding to Tuesday’s pullback and revisiting the key 1.0900 neighbourhood on the back of the continuation of the US Dollar’s (USD) weekly comeback and a generally positive tone in global stock markets.
Read more »
EUR/USD Forecast: Euro could remain bullish if risk flows continue to dominate marketsEUR/USD started the new week on a firm footing and gained 0.5% for the second consecutive trading day on Monday.
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 »
EUR/USD Weekly Forecast: Next on tap, 1.1275 emerges as bullish targetAnother solid weekly performance saw EUR/USD clinch its fourth consecutive week of gains, including a new 2024 peak in the 1.1180–1.1185 band.
Read more »
EUR/USD: Bullish Breakout Could Carry Pair Above 2024 HighForex Analysis by Matthew Weller covering: EUR/USD. Read Matthew Weller's latest article on Investing.com
Read more »
EUR/USD Forecast: Euro bulls could remain interested while 1.1000 holds as supportEUR/USD gathered bullish momentum and reached its highest level of 2024 near 1.1050 on Wednesday.
Read more »