EUR/USD steady as France confidence data awaits, light calendar ahead
EUR/USD trades near 1.0850 in early European hours, showing minimal movement as markets await France's consumer confidence report at 06:45 GMT. The pair remains range-bound between 1.0820-1.0880 as traders face another sparse economic calendar day. French consumer confidence for July could provide minor directional cues, though significant volatility is unlikely given the absence of major data releases. The euro has found support above the 1.0820 level, coinciding with the 50-day moving average, while resistance persists at 1.0880. With no ECB officials scheduled to speak and US markets quiet until later in the week, EUR/USD may continue consolidating within its current range. Traders are positioning cautiously ahead of Thursday's eurozone inflation data and Friday's US PCE report, which could break the pair out of its current sideways pattern.
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