Tuesday’s US CPI report will be of key interest, with traders expecting to see continued signs of inflation peaking. While the data will likely have a significant impact across various markets, EUR/USD may be of particular interest as it could face additional volatility.
A hawkish pivot from the ECB helped the pair break back above parity last week, but despite testing its upper trendline on Monday, it continues to trade within a bearish channel.
Will August’s inflation data help EUR/USD break the trend, or will the pair remain under pressure as focus shifts towards next week’s FOMC Meeting?
Check out this article for a deeper analysis into EUR/USD and key levels to keep an eye on:
