EUR/USD consolidates near 1.18 ahead of ECB Sintra Forum

EUR/USD is trading in a tight range around the 1.1800 level as markets await key developments from the ECB's annual Sintra Forum and upcoming inflation data. The pair has shown resilience at current levels despite mixed signals from both European and US economic indicators. USDJPY continues to exhibit volatility as traders balance between diverging central bank policies, while the Dollar Index futures reflect uncertainty about the greenback's near-term direction. The Sintra Forum traditionally provides important policy signals from ECB officials, with this year's event particularly crucial given persistent inflation concerns and growth headwinds in the Eurozone. Technical indicators suggest consolidation is likely to continue until fresh catalysts emerge, with 1.1750 providing support and 1.1850 acting as resistance. Market participants are positioning cautiously, awaiting clearer guidance on monetary policy trajectories from both the ECB and Federal Reserve before committing to directional trades.