The EUR/USD and GBP/USD pairs are currently trading in a range, with low volatility and volume. This means that the market is relatively stable, with prices moving within a specific range without much fluctuation.
Traders are finding it challenging to make significant profits in this environment, as the lack of volatility makes it harder to capitalize on price movements. This is leading to a decrease in trading activity, as investors are waiting for clearer signals before taking any significant positions.
Overall, the market is experiencing a period of low volatility and volume, which is affecting the trading of both the EUR/USD and GBP/USD pairs. Traders will need to exercise caution and patience in this environment until there is a clearer direction in the market.