US stocks are rising and the dollar is declining in anticipation of a Fed rate cut. It is believed that the head of the Fed, Powell, in his speech this week will give clear signals about the beginning of a rate cut. Against this background, the main currency pair EUR/USD has reached its maximum this year.

Important news today:
12:00 🇪🇺 Consumer price index in the Eurozone (July)
23:30 🇺🇲 Weekly crude oil reserves according to the American Petroleum Institute

Today, inflation data in the Eurozone may lead to slight fluctuations in EUR/USD, but these data will not yet be able to reverse the current upward trend.

The ongoing dollar weakness and market anticipation of a Fed rate cut are likely to support the EUR/USD uptrend. Today's Eurozone inflation data may cause minor fluctuations, but the overall trend is expected to remain upward.