EUR/USD failed to build on Monday's gains and closed in negative territory on Tuesday.
Euro stays on the back foot near 1.0700 after posting losses on Tuesday. EUR/USD could extend its slide if 1.0670 support fails. An improving risk mood could help the pair limit its losses in the near term. EUR/USD failed to build on Monday's gains and closed in negative territory on Tuesday. The pair struggles to regain its traction and trades at around 1.0700 in the European session on Wednesday.
8% retracement level, and 1.0760 . 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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