EUR/USD Forecast: August Opening Range Susceptible to Sticky US CPI

From dailyfx.com

EUR/USD initiates a series of higher highs and lows as it attempts to retrace the bearish reaction to the US Non-Farm Payrolls (NFP) report, but fresh data prints coming out of the US may continue to influence the exchange rate as the update to the Consumer Price Index (CPI) is anticipated to show sticky inflation. EUR/USD appears to be unfazed by the hawkish comments from Federal Reserve Governor Michelle Bowman as it consolidates within the opening range for August, and it remains to be seen if the US CPI will influence the exchange rate as the headline reading is expected to narrow to 8.7% from 9.1% per annum in ... (full story)