EUR/USD: US Inflation Data to Set the Tone

EUR/USD started the trading week around 1.1433, with participants focusing on upcoming US inflation reports as the key catalyst. The pair remains range-bound as traders also monitor geopolitical developments.

Uncertainty in the Middle East persists, keeping risk sentiment fragile. Oil prices initially surged but later corrected lower following reports that the United States and Iran intend to continue peace negotiations.

All eyes are now on the US inflation print, which is expected to dictate the next directional move for the dollar and the euro-dollar pair.