EUR/USD erased its daily gains and closed flat on Thursday after climbing to its highest level since March 21 above 1.0870.
EUR/USD holds steady above 1.0800 following Thursday's pullback. Nonfarm Payrolls in the US are forecast to rise 200K in March. The pair's near-term technical outlook highlights a loss of bullish momentum. The pair fluctuates in a tight channel below 1.0850 in the early European session on Friday as investors gear up for the US labor market data.
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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