Ella 
EUR/USD trading has been congested at the start of the week.
Before Friday, data moving the market was limited to secondary economic data.
The arrival of U.S. consumer confidence data and speeches by Federal Reserve officials will boost capital flows.
EUR/USD was once again choppy on Tuesday, testing waters around 1.0750 as the pair looks for clear signs of direction. On Tuesday, speeches by key Federal Reserve officials made the market more cautious about the Federal Reserve’s imminent interest rate cuts, and risk appetite was suppressed. However, the interest rate market is still betting that the Federal Reserve will cut interest rates at least twice in 2024, with the first rate cut expected to be in September.
European retail sales, announced on Tuesday, rebounded more than expected, with euro zone retail sales rising by 0.8% on a monthly basis in March, up from -0.3% last month (slightly revised up from the initial -0.5% reading). Still, euro buying faltered, with EUR/USD failing to break above 1.0790.
