EUR/USD stable as European indices open flat amid cautious sentiment

EUR/USD is trading near 1.0850, showing minimal movement as European equity markets opened virtually unchanged Wednesday morning. The Eurostoxx and Germany's DAX opened flat, while France's CAC 40 edged up 0.1% and Italy's FTSE MIB gained 0.4%, reflecting yesterday's positive momentum in US markets. However, the optimistic tone has shifted to caution with S&P 500 futures declining 0.1%, suggesting potential headwinds for risk assets. The subdued market activity indicates traders are awaiting fresh catalysts, with no major economic releases scheduled for the European session. Technical indicators suggest EUR/USD remains range-bound between 1.0820 support and 1.0880 resistance. The lack of directional conviction in both equities and currencies points to consolidation ahead of potential volatility triggers later in the week. Traders should monitor any shifts in risk sentiment that could influence the dollar's safe-haven appeal.