EUR/USD Remains Stable Below $1.10 in Quiet Session

The lack of significant news for the day provides investors with a much-needed reprieve from recent volatility.

The EUR/USD pair floated silently just below the $1.10 threshold on Friday morning. The sideways movement is a reprieve for investors following a string of volatile sessions earlier this month. In a possible continuation of the subdued trading, today's forex trading news is not anticipated to be particularly noteworthy.

In other areas of the foreign exchange market, the euro has strengthened against the New Zealand dollar, the Canadian dollar, and the Australian dollar. On the other hand, the dollar has declined across the board.

Technically speaking, the EUR/USD is significantly above the 200-day moving average. In other words, technicians will assert that the current price movement is bullish. The euro has gained 5.5% against the weakening U.S. dollar since the duo crossed the key line late last year.