Michael_Harding

EURUSD - Likely to Consolidate

FX:EURUSD   Euro / U.S. Dollar
To start the week, this pair continues to consolidate above the 1.08 handle amid mixed market sentiment from last week.

On the 15 min timeframe I placed two areas of interest (aoi) with horizontal lines. Should price action reach either of those lines within the next 2 trading sessions, I'll take look to see if there's a low risk trade.

Continued talks of lowering interest rates this year could weigh on the US dollar. This Friday is a holiday, (Good Friday) however we do have the month's end PCE report which may cause this pair to continue it's sideways motion.


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