The European trading session, which runs from 7 AM to 4 PM GMT, typically sees significant market activity as it overlaps with both the Asian and American sessions. It is known for higher volatility and trading volume, particularly during the first few hours when major European financial markets, such as London, Frankfurt, and Paris, are open. Key economic data releases and geopolitical events can further influence currency pairs and other assets during this period, attracting traders who seek to capitalize on price movements.