Overview

Rangebound and going nowhere fast… EUAs recorded a 0.64% drop last week, trading between €70 and €73, on very flat trading since the start of July — the beginning of the European holiday season. The market continues to lack a strong directional driver, with macroeconomic signals mixed and no major regulatory headlines to shift sentiment. Technicals show a positive MACD and stable RSI, but volumes remain subdued, pointing to hesitation (or lack of engagement) among traders.

Until fresh catalysts emerge, this rangebound behaviour may continue through August.