EUR/USD Forecast: Euro needs to stabilize above 1.0800 to stage a rebound

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EUR/USD Forecast: Euro needs to stabilize above 1.0800 to stage a rebound
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EUR/USD moves up and down in a very narrow band slightly below 1.0800 on Monday after closing the previous week marginally lower.

EUR/USD fluctuates in a very tight channel at around 1.0800 in the European session. Trading conditions remain thin on Easter Monday. The ISM Manufacturing PMI data will be featured in the US economic docket. Trading conditions remain thin and make it difficult for the pair to gather directional momentum on Easter Monday. Euro price in the last 7 days The table below shows the percentage change of Euro against listed major currencies in the 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 .

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