EUR/USD holds steady as markets await US-China trade talks outcome

EUR/USD trades flat at 1.0825, showing minimal movement as European equities open with cautious sentiment ahead of crucial US-China trade negotiations in London. Major European indices opened 0.1-0.2% lower, reflecting investor uncertainty despite President Trump's optimistic comments that "the meeting should go very well." Market participants are positioning for potential announcements on reciprocal tariff reductions, which could significantly impact risk sentiment and dollar strength. The absence of economic data releases today places full focus on trade headlines, with any positive developments likely to weaken the safe-haven dollar and boost risk-sensitive currencies. Technical indicators show EUR/USD consolidating within a tight 1.0820-1.0830 range, with traders awaiting a catalyst to break this equilibrium. A successful trade outcome could push the pair toward 1.0850 resistance, while disappointing results may trigger a retreat to 1.0800 support.