EUR/USD steady as low-tier data dominates quiet trading session

EUR/USD remains range-bound near 1.0820 levels during Tuesday's European session, with minimal volatility as markets digest low-impact economic releases. French Consumer Confidence and final Spanish Q1 GDP data failed to provide any directional catalyst, keeping the pair within a tight 15-pip range. The absence of major economic events has left traders focused on technical levels, with immediate resistance at 1.0850 and support at 1.0800. Fed Chair Powell's second day of testimony later in the American session is unlikely to bring fresh insights, as he typically reiterates previous comments. The ECB's policy stance remains unchanged despite today's data, maintaining hawkish rhetoric amid persistent inflation concerns. Traders are positioning cautiously ahead of Thursday's key US GDP and Friday's Core PCE inflation data, which could provide the next significant directional move for the major pair.