EUR/USD gathered bullish momentum and reached its highest level of 2024 near 1.1050 on Wednesday.
EUR/USD holds above 1.1000 after touching a fresh 2024-high on Wednesday. The US economic calendar will feature several key data releases on Thursday. The pair's technical outlook suggests that the bullish bias remains intact. The pair stays in a consolidation phase and trades slightly above 1.1000 in the European session on Thursday. US Dollar PRICE This week The table below shows the percentage change of US Dollar against listed major currencies this week.
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 Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Forecast: Euro breaks out of range ahead of US inflation dataEUR/USD gathered bullish momentum after breaking out of its one-week-old range and reached its highest level since early January above 1.1000.
Read more »
EUR/USD Forecast: Euro struggles to clear technical resistance levelEUR/USD closed the first trading day of the week marginally higher but failed to gather further bullish momentum.
Read more »
EUR/USD Forecast: Euro remains in range as markets await next catalystEUR/USD continues to move up and down in a narrow range above 1.0900 after closing the previous week virtually unchanged.
Read more »
EUR/USD Forecast: Euro defines near-term range before next breakoutEUR/USD closed the second consecutive day virtually unchanged on Thursday.
Read more »
EUR/USD Forecast: Euro stabilizes above 1.0900, discouraging sellersFollowing the highly volatile action seen earlier in the week, EUR/USD fluctuated in a tight channel on Wednesday and closed the day virtually unchanged.
Read more »
EUR/USD Forecast: Euro stabilizes above key technical levelEUR/USD closed in negative territory on Tuesday but managed to stabilize above 1.0900.
Read more »