EUR/USD Forecast: Euro edges higher as markets asses first round of French election

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EURUSD News

Currencies,Majors,Technical Analysis

After closing the previous week marginally higher, EUR/USD opened with a bullish gap and climbed toward 1.0800 during the Asian trading hours on Monday.

EUR/USD started the new week with a bullish gap. Exit polls showedMarine Le Pen's far-right National Rally party won the first round of France's parliamentary elections. Germany's Destatis will release preliminary Consumer Price Index data for June. The pair corrects lower in the European morning but manages to stay in positive territory above 1.0750. Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today.

2% retracement) could be seen as next resistance before 1.0840 . On the downside, supports could be seen at 1.0740 , 1.0700 and 1.0670 . 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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