EUR/USD quiet as ECB speakers maintain neutral stance ahead of US data

EUR/USD remains range-bound near 1.0820, showing minimal movement of 0.1% (10 pips) during the European session as markets await fresh catalysts. The European calendar remains empty except for ECB officials' speeches, with Vice President de Guindos expected to reiterate the central bank's neutral policy stance and balanced risk assessment. This messaging consistency has kept euro volatility subdued as traders position cautiously ahead of upcoming US economic releases later this week. Technical indicators suggest consolidation continues, with the pair trapped between 1.0800 support and 1.0850 resistance levels. The lack of significant European data leaves EUR/USD vulnerable to US dollar movements, particularly any shifts in Federal Reserve rate cut expectations. Traders should monitor any deviation from ECB's neutral rhetoric, though significant policy shifts appear unlikely in the near term.