The US markets were closed on account of the President’s day bank holiday.
However, the euro did not see much movement. Price action remains muted with economic data from the eurozone also staying sparse.
EUR/USD Consolidating Near Support
The common currency is consolidating near the support area of 1.0837 level. If this consolidation continues, a break of the trend line will confirm a possible correction.
However, the gains will be limited to the resistance level of 1.0897. In the event of a breakdown below 1.0837, further declines could occur.
