EUR/USD and GBP/USD are currently trading in a range with low volatility and volume. This means that the movement of these currency pairs is relatively stable and there is not much trading activity happening. Traders are finding it difficult to make significant gains in this market environment.
The lack of volatility and volume in these pairs can be attributed to various factors such as economic uncertainty, geopolitical tensions, and market sentiment. Traders are cautious and hesitant to make big moves until there is more clarity in the market.
It is important for traders to exercise caution and patience in such market conditions. It may be wise to wait for a breakout or a significant event that could trigger a change in direction for these currency pairs.
Overall, the current range trading in EUR/USD and GBP/USD reflects the overall sentiment in the market and the lack of clear direction. Traders should closely monitor any developments that could potentially impact the movement of these pairs.