EUR/USD gained traction during the American trading hours on Monday and closed the day in positive territory.
EUR/USD holds comfortably above 1.0850 in the European session on Tuesday. The pair could face stiff resistance at 1.0890-1.0900. Consumer Confidence data from the US and comments from Fed officials will be watched closely by investors. The pair holds comfortably above 1.0850 on Tuesday but could have a hard time clearing 1.0890-1.0900 area. Following a three-day weekend in the US, US stock index futures trade higher early Tuesday, pointing to an improving risk mood.
On the downside, supports could be seen at 1.0830 , 1.0810 and 1.0750 . 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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