European FX wrap: EUR/USD awaits Jackson Hole catalyst near 1.0930

European forex markets displayed limited directional conviction during Thursday's session as traders positioned ahead of Fed Chair Powell's Jackson Hole address. EUR/USD oscillated in a tight 25-pip range around 1.0930, while GBP/USD held steady near 1.3145. European equity indices posted modest gains, with the DAX up 0.4% and FTSE 100 advancing 0.3%. Currency volatility remained historically low, with one-week EUR/USD implied volatility at 6.2%. Market participants reported thin trading volumes typical of late August, exacerbating the wait-and-see approach. German 10-year Bund yields edged 2bps higher to 2.45%, providing mild euro support. Technical indicators suggest EUR/USD faces resistance at 1.0950 and support at 1.0900. The subdued price action reflects balanced positioning ahead of potential volatility catalysts, with Jackson Hole historically delivering market-moving policy signals.