EUR/USD Consolidates at 1.1760 Amid Holiday Trading Thin Liquidity

EUR/USD remains range-bound near 1.1760 as year-end holiday trading conditions create thin liquidity across forex markets. The pair has oscillated within a tight 20-pip range during the session, with reduced trading volumes amplifying reactions to macro headlines. Market participants are cautiously positioned ahead of the new year, with the dollar index holding steady near recent levels. The thin liquidity environment has caused sporadic volatility spikes on minimal news flow, making technical levels more significant. Immediate resistance sits at 1.1780, coinciding with the December high, while support has formed at 1.1740. Gold has shown similar consolidation patterns, trading sideways as traders await fresh catalysts for 2024. The lack of major economic releases until early January suggests continued choppy trading conditions, with technical levels likely to guide short-term price action as institutional flows remain subdued.