EUR/USD consolidates as quiet European session offers limited catalysts

EUR/USD remains range-bound near 1.0950 levels during Monday's European session, with minimal volatility expected due to a light economic calendar. The session features only low-impact releases including the Eurozone Sentix Investor Confidence index and German Current Account data, neither of which are likely to influence ECB policy decisions or trigger significant market movements. In the absence of major catalysts, the pair continues to trade within its recent 1.0920-1.0980 range established last week. Traders are maintaining cautious positions ahead of more substantial data releases later in the week, including US inflation figures and ECB meeting minutes. Technical indicators suggest neutral momentum, with the 50-day moving average at 1.0945 acting as immediate support. Without fresh fundamental drivers, EUR/USD is expected to remain in consolidation mode, with any breakout likely dependent on upcoming US economic data or shifts in broader dollar sentiment.