EUR/USD gained traction and climbed to its highest level in over 10 days above 1.0720 early Thursday.
EUR/USD trades above 1.0700 in the European session on Thursday. 1.0730 aligns as first resistance for the pair. US GDP data will be watched closely by market participants later in the day. The pair's technical outlook suggests that the pair has more room on the upside before turning overbought in the near term. 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 Japanese Yen.
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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