EUR/USD holds 1.0520 as markets await concrete US trade policy details

EUR/USD consolidated around 1.0520 during the European session, with minimal 0.1% movement as traders awaited clarity on US trade developments. The pair remained range-bound between 1.0500 support and 1.0540 resistance, reflecting market uncertainty over potential tariff implementations. European economic data was limited, with focus shifting to upcoming US trade policy announcements that could significantly impact dollar valuations. The euro found mild support from steady German industrial orders data, though broader eurozone growth concerns persist. Technical indicators suggest a neutral bias, with the 200-day moving average at 1.0510 acting as a pivot point. A break above 1.0540 could target 1.0580, while failure to hold 1.0500 may expose 1.0460. Traders remain cautious, evidenced by subdued volatility across major pairs. The lack of concrete trade policy details continues to limit directional conviction in forex markets.