EUR/USD steady ahead of Eurozone final CPI data for August

EUR/USD holds near 1.1050 as markets await the final Eurozone CPI estimate for August, though minimal volatility is expected given this is a confirmation of preliminary data. The preliminary reading showed Eurozone inflation at 2.2% year-over-year, continuing its gradual decline toward the ECB's 2% target. Core inflation remained sticky at 2.8%, supporting the ECB's cautious approach to monetary policy. The central bank is widely expected to maintain current interest rates at 3.75% following recent 25 basis point cuts. Markets have already priced in the ECB's steady policy stance, limiting potential EUR/USD movement from today's release. Technical indicators show the pair consolidating between 1.1030 support and 1.1080 resistance. Traders are positioning for next week's Fed decision, which carries greater potential to drive EUR/USD direction as dollar strength remains the dominant factor in the pair's movements.