The EURUSD currency pair remains subdued, trading near 1.1660 during the Asian session on Tuesday. This marks the second consecutive session of minimal movement for the euro against the US dollar. Investors are keenly awaiting new developments regarding the ongoing Ukraine-Russia situation.

The US dollar exhibits strength due to positive signals indicating a potential resolution in the Ukraine conflict. This geopolitical tension continues to influence market expectations and trading behavior in major currency pairs.

As traders analyze the impact of geopolitical factors along with upcoming economic data releases from the European Union, the EURUSD could see increased volatility. Market participants should remain vigilant as new information becomes available.