The currency pair remains range-bound at 1.1750 amid reduced volatility during European trading hours.
The EUR/USD pair traded in a narrow range around 1.1750 early in the European session, reflecting a contraction in volatility. The lack of significant movement follows a period of subdued trading activity, with market participants awaiting fresh catalysts.
Recent sessions have seen the pair consolidate near this level, with prior prints hovering between 1.1700 and 1.1800. Analysts note that reduced liquidity and a lull in economic data releases have contributed to the tight trading band.
No immediate market reaction was observed, as traders remain cautious ahead of upcoming macroeconomic releases.