EUR/USD preserved its bullish momentum on Wednesday and reached its highest level since July 2023 above 1.1170.
EUR/USD trades comfortably above 1.1100 in the European session on Thursday. Euro manages to stay resilient against its rivals after PMI data. S&P Global PMI figures will be watched closely by market participants. Following a short lasting downward correction in the early European session, the pair holds steady at around 1.1150. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week. Euro was the strongest against the US Dollar.
In case the pair stabilizes above 1.1150 , 1.1170 could act as interim resistance before 1.1200 . 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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