EUR/USD stays relatively calm and trades in a narrow band below 1.0900 in the early European morning on Monday.
EUR/USD fluctuates in a tight range below 1.0900 early Monday. The technical picture suggests that the near-term bullish bias remains unchanged. 1.0890-1.0900 region aligns as immediate resistance for the pair. The pair's technical outlook suggests that the bullish bias remains intact in the near term. EUR/USD rose nearly 1% last week and registered gains for the fifth consecutive week.
The 20-period Simple Moving Average on the 4-hour chart forms dynamic support at 1.0865 before 1.0830 and 1.0810-1.0800 . 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.
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