EUR/USD steady as ECB holds rates unchanged in September decision

EUR/USD trades sideways at 1.0920 following the European Central Bank's decision to maintain interest rates unchanged at its September monetary policy meeting, in line with market expectations. The ECB kept its deposit facility rate at 3.75%, refinancing rate at 4.25%, and marginal lending facility at 4.50%. President Christine Lagarde's accompanying statement suggested the central bank remains data-dependent, with inflation showing signs of moderating toward the 2% target. Market reaction was muted as traders had fully priced in the pause following recent economic data showing eurozone growth concerns. The pair found support at 1.0900 during the session, with resistance capped at 1.0945. Focus now shifts to upcoming US inflation data, which could provide directional clarity for the pair. A break above 1.0950 would target 1.1000, while failure to hold 1.0900 support could see a retest of 1.0850.