EUR/USD is Trading Positive Today and Continues to Consolidate

EUR/USD Hourly (H1) Chart
EUR/USD Hourly (H1) Chart

EUR/USD: The pair is trading positive today and continues to consolidate its hold above 1.08 handle as improved risk sentiment in broad market underpinned Euro bulls. While Euro bulls took advantage of USD’s dip to build a rally, it failed to test 1.09 handle resulting in price declining below mid-1.08 handle shortly. The pair is set to continue rangebound activity around the 1.085 handle as traders await a fresh update from the Fed’s meeting for short term profit opportunities ahead of tomorrow’s press conference. 

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