EUR/USD, USD/CAD quiet ahead of limited economic calendar

Major forex pairs remain range-bound during early European trading, with EUR/USD holding steady near 1.0850 and USD/CAD consolidating around 1.3650. Today's economic calendar features only low-impact releases including Eurozone construction PMI, Italian retail sales, and Eurozone PPI - none expected to significantly influence ECB policy decisions or drive meaningful price action. The North American session brings Canadian services PMI data, though market participants anticipate minimal volatility from this release. With no high-tier economic indicators scheduled, traders are likely to focus on technical levels and position adjustments ahead of next week's key risk events. EUR/USD faces immediate resistance at 1.0875, with support at 1.0825, while USD/CAD trades within a tight 1.3620-1.3680 range. The absence of market-moving catalysts suggests continued consolidation across major pairs, with traders awaiting more substantial fundamental drivers.