The EUR/USD pair is trading flat around 1.0830 during Monday’s European session. This consolidation pattern emerges as the US Dollar (USD) faces declines for the third consecutive trading day, particularly ahead of President Trump’s expected reciprocal tariff announcement on Wednesday.

Market participants are closely observing these developments, as updates on tariffs can significantly sway trading dynamics for the pair. Economic indicators released earlier may also continue to exert influence, adding layers to trading strategies as traders look to adapt.

This period of consolidation may set the stage for upcoming price movements as traders react to unfolding news. Staying informed will be crucial for those navigating this currency pair in a rapidly changing market.