Looking on a daily chart or H4, it seems more to me as a definite bullish trend rather than range consolidation. 1.0628 being a short-term support. We have another FOMC speech coming soon that may shake the market. I would wait to see what happens before placing new trades.
Euro is extending its decline on political risks as anti populist candidates in French and German elections are posing threats of EU disintegration. Euro is testing its major support level of 1.0620, followed by 1.0600. If this level is broken, we could see a sustainable decline in euro.
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