EUR/USD steady as markets await catalyst amid light economic calendar

EUR/USD remains range-bound near 1.0800 levels as traders navigate through a sparse economic calendar Wednesday. The European session features only low-impact releases including Eurozone Retail Sales and Construction PMIs, which are unlikely to influence ECB policy decisions or trigger significant market movements. The American session offers similarly limited catalysts, with only Canadian PMI data scheduled for release. This lack of high-tier economic events suggests continued consolidation for major pairs as markets await more substantial drivers later in the week. Technical indicators show EUR/USD trading within a tight 30-pip range between 1.0785 support and 1.0815 resistance. The absence of meaningful data releases typically results in reduced volatility and choppy price action, with traders likely to focus on positioning ahead of Thursday's more significant economic releases.