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EUR/USD, USD/CHF await quiet Monday with limited economic releases

Forexlive Sentiment: Very Positive
EUR/USD remains range-bound near 1.0580 as traders navigate a data-light Monday session. The pair shows minimal volatility ahead of today's low-tier German industrial production data and Swiss consumer confidence figures, neither expected to significantly impact central bank policies. USD/CHF holds steady around 0.8850 levels. With no major catalysts in the European session and only the NY Fed's consumer inflation expectations scheduled for the US session, forex markets are likely to see subdued trading volumes. Technical traders note EUR/USD continues to consolidate between 1.0550 support and 1.0600 resistance, while USD/CHF remains capped by the 0.8900 psychological level. The absence of high-impact data suggests pairs will likely trade within established ranges, with traders positioning ahead of more significant releases later in the week. Market participants remain focused on broader central bank divergence themes between the ECB and Fed.

Related Symbols:

EURUSD USDCHF

News data provided by Finnhub. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.

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