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EUR/USD Settles Near Weekly High

M. Ali 25 August, 2021 3:05 am Forex Market, Market Update

The Euro (EUR) rose against the U.S. Dollar (USD) for the third consecutive day, keeping the rising trend this week, rebounding from multi-month lows.

The EUR/USD pair increased by 0.11% to settle at 1.1759.

The pair will now target levels between 1.1775 and then 1.1800.

Today saw the biggest daily increase for the pair since July 29 and its best settlement level since August 16.

Markets await the release of German business climate data and the accounts for the ECB’s latest monetary policy meeting.

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