Navigating EUR/USD's Consolidation: A Tactical Approach

Market Overview and Technical Assessment

The EUR/USD pair currently trades at 1.08557, exhibiting a remarkably tight range. Over the last 24 hours, the change has been a marginal 0.05%, reflecting the prevailing sideways trend. The daily range from 1.08472 to 1.08642 underscores this consolidation. From a technical perspective, the immediate resistance level at 1.0864 (which aligns closely with the daily high) is proving to be a significant hurdle for upward momentum. Conversely, the 1.0847 level