The euro is touching fresh lows on the day as it gives back yesterday's rally. It's now down 49 pips to 1.1292 after reaching as high as 1.1346.

On the chart, this price action is all inside the range of the past week so I'm not sure there's a big signal here. It's much the same in other markets as we consolidate in an 'inside day' and sort through the omicron moves.

EURUSD 1 hour chart
EURUSD 1 hour chart