breaking news ECB Knox: Headline inflation seems to have peaked.
ECB node
ECBs Knot takes the floor and says:
THE EURUSD
EUR/USD
The EUR/USD is the currency pair comprising the single currency of the European Union, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair rate indicates how many euros are needed to buy a dollar. For example, when EUR/USD is trading at 1.2, it means that 1 euro equals 1.2 dollars. Why EUR/USD is the most popular trading pairCompared to all tradable currencies, the Euro (EUR) is the second most traded currency in the world, being
The EUR/USD is the currency pair comprising the single currency of the European Union, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair rate indicates how many euros are needed to buy a dollar. For example, when EUR/USD is trading at 1.2, it means that 1 euro equals 1.2 dollars. Why EUR/USD is the most popular trading pairCompared to all tradable currencies, the Euro (EUR) is the second most traded currency in the world, being
Read this term trade between a swing zone between 1.0710 and 1.07243 and near session lows for the day. A break below would lead traders to look towards 1.06909, which is the 61.8% retracement of the 2023 trading range (see articles here). For a technical view of the EURUSD, USDJPY, GBPUSD and USDCAD at the start of the US session, CLICK HERE.
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