EUR/USD awaits ECB guidance as officials avoid FX commentary

EUR/USD trades sideways near 1.0950 as markets await clearer guidance from the European Central Bank, with officials notably avoiding direct commentary on currency movements. The lack of ECB communication on exchange rates has left traders without clear directional cues, resulting in range-bound trading between 1.0920-1.0980. USD Index futures consolidate around 104.50, reflecting broader dollar stability. USD/JPY maintains its position near 153.50 amid balanced risk sentiment. Market participants are closely monitoring ECB officials' speeches for any hints about monetary policy direction or concerns about euro strength. The central bank's silence on FX developments suggests comfort with current levels, though this could change if EUR/USD moves significantly. Technical indicators point to continued consolidation unless the pair breaks above 1.0980 resistance or below 1.0920 support, with momentum indicators showing neutral readings.