EUR/USD Stable as Geopolitical Risks Remain Contained

EUR/USD holds steady near 1.0735 as forex markets show limited reaction to Middle East tensions, with geopolitical impacts remaining contained. The pair trades in a tight 20-pip range as traders await more concrete developments. USD/JPY maintains levels around 157.70, showing minimal safe-haven flows despite regional uncertainties. EUR/GBP edges 0.1% higher to 0.8465, while EUR/NOK gains 0.3% to 11.42 as the Norwegian krone weakens on lower oil prices initially before recovering. Market participants appear to be discounting geopolitical headlines, focusing instead on upcoming economic data and central bank communications. Technical analysis shows EUR/USD trapped between 1.0720 support and 1.0750 resistance. The muted forex response suggests traders require more substantial escalation before adjusting positions significantly.