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fxAug 12, 2026, 4:49 AM

Euro Braces for Drop Below 1.15 Ahead of US CPI

The euro faces pressure to dip below 1.1500 while the dollar index rides support ahead of today’s US inflation data. USDJPY could target 160-161 if it holds above support.

EURUSDUSDJPYDXY

Ahead of the US CPI release, the dollar index is clinging to a support trendline on the 3-day chart.

  • EURUSD looks set for a decline below the 1.1500 handle.
  • USDJPY could aim for the 160-161 area as long as it remains above nearby support.

The inflation print is expected to drive the next move in the greenback.

Source: FXStreet Forex News