EUR/USD steady as EU-US tariff talks show progress ahead of deadline

EUR/USD remains largely unchanged around 1.0950 as intensive EU-US negotiations on tariffs continue with just one week before the August 1 deadline. European officials expressed optimism about reaching a negotiated outcome, stating they have no intention of implementing additional countermeasures before the deadline while remaining prepared for all scenarios. The cautious optimism has supported risk sentiment, preventing significant dollar strength despite uncertainty. Markets are closely monitoring the progress of these talks, as any breakdown could trigger volatility in the euro. Technical indicators show EUR/USD consolidating within a tight 1.0920-1.0980 range, with traders awaiting concrete developments. A successful resolution could lift the pair toward 1.1000 resistance, while failure to reach an agreement might pressure EUR/USD back to 1.0900 support. The prolonged negotiations risk causing market fatigue if talks extend without clear outcomes.