EURUSD

The direction of the currency pair will be entirely dependent on signals coming from the U.S. this week; a hawkish speech by Fed Chairman Powell on Tuesday or a better-than-expected U.S. CPI data on Wednesday could strengthen the Dollar, triggering a sharp drop in the currency pair. Conversely, dovish messages or low inflation data would weaken the Dollar by reinforcing expectations that the Fed's rate hike cycle is nearing its end, paving the way for an increase in EUR/USD.