EUR/USD steady as ECB's de Guindos notes market calm amid geopolitical risks

EUR/USD maintained stability around 1.0820 as ECB Vice President Luis de Guindos commented on markets' surprising resilience despite ongoing geopolitical tensions. The European Central Bank official's observation highlights the disconnect between heightened global political risks and relatively muted market volatility. Currency markets have shown remarkable composure, with the VIX volatility index remaining below 20 despite Middle East tensions and ongoing Russia-Ukraine concerns. This calm environment has kept EUR/USD trading within a tight 50-pip range over the past week. The pair finds technical support at 1.0800 psychological level, with resistance at 1.0850. Traders appear to be prioritizing economic fundamentals over geopolitical headlines, focusing on upcoming ECB and Fed policy decisions. The subdued volatility could present opportunities for range-trading strategies, though sudden geopolitical escalations remain a key risk that could trigger sharp breakouts.