EUR/USD Stabilizes at 1.0845 Despite Geopolitical Tensions

EUR/USD is trading relatively unchanged at 1.0845, demonstrating remarkable resilience despite escalating geopolitical tensions affecting global markets. The pair has consolidated within a tight 20-pip range over the past 24 hours, as traders await clearer directional catalysts. Market participants are closely monitoring developments in Eastern Europe and Middle East conflicts, which typically drive safe-haven flows into the US dollar. However, the euro has found support from better-than-expected German industrial production data, which rose 0.8% month-over-month versus 0.5% forecast. Technical indicators suggest the pair is entering a period of consolidation, with immediate resistance at 1.0870 and support at 1.0820. The 50-day moving average at 1.0855 is acting as a pivot point for short-term direction. Traders should watch for any escalation in geopolitical events or surprises in upcoming US jobless claims data, which could break the current equilibrium and establish clearer directional momentum.