The EUR/USD was not affected by the release of US consumer inflation data and continues to trade within a familiar range. Upside momentum remains capp
ed, with the 1.0700 zone providing support. The focus now turns to the European Central Bank meeting, which has become an event with the potential to trigger sharp moves due to the lack of clear consensus on what actions will be taken.
The ECB's decision will be crucial, as it could result in a dovish hike or a hawkish hold. The press conference with Christine Lagarde will complement the decisions made. In the event of a hawkish hike, the Euro could experience a rally, although it may not be sustainable.came close to market consensus and triggered sharp moves, but ultimately the US Dollar returned to its level before the data release. The numbers did not significantly change the overall context.
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