EURUSD - Consolidation within a MEGAPHONEEuro / United States DollarCMCMARKETS:EURUSDGhosTrader_GTThis pair has no clear direction for now looking at the D1 Timeframe. In a strong consolidating structure within the highly volatile + momentum driven megaphone overall structure. For now i see 1.16820 as resistance and 1.15730 as support. The EURO currency itself is also in a tight consolidation (tilting up) giving rise to consolidations across currency pairs and promising breakout patterns. Also we have the ECB on the 11th June which is around the corner.so lets see if a few days candles can initiate a breakout on this pair. But for now momentum nd volatility does not seem encouraging. Though not clear on market direction and even as I remain NEUTRAL somehow I still favour EUR against USD in the near term.