The EUR/USD currency pair has recently consolidated its gains, now settling comfortably above the 1.0800 level. Current analysis of the 4-hour chart indicates that it stands above both the 100 and 200 simple moving averages, key indicators watched by traders. The pair managed to test the 1.0950 zone before entering into a consolidation phase. As traders closely monitor market conditions, the focus shifts to whether this consolidation will lead to further upward movement. Investors remain optimistic about the outlook for the euro amidst improving economic data and potential shifts in the forex landscape.