EUR/USD PRICE FORECAST: CONSOLIDATION EXPECTED

EUR/USD PRICE FORECAST: CONSOLIDATION EXPECTED
EUR/USD maintains a bid bias above the 1.0400 level.
The US Dollar faced selling pressure due to mixed yields.
President Trump delivered a virtual speech at the WEF in Davos.
The Euro advanced modestly against the US Dollar, but was slightly lower than Wednesday's highs.
The Dollar Index (DXY) dipped to around 107.70 after previously surpassing 108.00.
Mixed performance in US yields and a rise in German 10-year bund yields influenced price action.
The US Dollar's movement this week was impacted by market sentiment, economic data, and Trump’s tariff proposals.