Euro Markets: EUAs remain rangebound but post first weekly gain since late May as activity dwindles

European carbon prices traded in an almost-identical range as Thursday's market as the summer holiday season swung into its peak period, with technical support and resistance levels compressing slightly as the market's volatility has calmed, while UK Allowances fell away after a landslide election result ushered in a centre-left government that is expected to speed up action on climate issues.