EUR/USD Faces Fed Decision as Tech Earnings Challenge Dollar Strength

EUR/USD consolidates around 1.0820 ahead of a pivotal week featuring the Federal Reserve rate decision and major tech earnings that could influence dollar flows. The pair has struggled to break above the 1.0850 resistance despite recent dollar weakness. Markets price in a Fed pause at 5.25-5.50%, but focus remains on forward guidance regarding the pace of future rate cuts as the central bank navigates its "slow march toward neutral" policy stance. USD/JPY trades cautiously near 149.50, with Japanese officials maintaining intervention vigilance. Microsoft and other tech giants' earnings could impact equity markets and risk sentiment, indirectly affecting dollar demand. S&P 500 futures point to a steady open around 5,800. Technical analysis shows EUR/USD support at 1.0800 (50-day MA) and resistance at 1.0870. A dovish Fed tilt could propel the pair toward 1.0900, while hawkish surprises might test 1.0750 support levels.