EUR/USD faces quiet Monday with German IFO, limited US data

EUR/USD is trading near 1.0800 as markets brace for a relatively quiet Monday session with limited economic releases. The German IFO Business Climate index, due in the European session, represents the day's main event, though significant market impact is unlikely unless data substantially deviates from expectations. The indicator is not expected to alter ECB policy trajectory, limiting potential euro volatility. In the American session, only the Dallas Fed Manufacturing Index is scheduled, leaving traders with minimal fundamental catalysts. The pair remains range-bound between 1.0750 support and 1.0850 resistance, with low volatility expected given the thin economic calendar. Without major data releases or central bank communications, EUR/USD is likely to consolidate within recent ranges. Traders may look ahead to more significant releases later in the week for directional cues, while technical levels will likely dominate short-term price action in today's subdued trading environment.