EURUSD

The direction of the currency pair today will be determined by the Eurozone CPI data to be announced in the afternoon and the FOMC meeting minutes in the evening. A deviation of the inflation data from expectations could create volatility on the Euro side, while the "hawkish" messages from the critical FOMC minutes have the potential to strengthen the Dollar globally, creating downward pressure on the currency pair. Investors are acting cautiously ahead of signals regarding the Fed's monetary policy for the upcoming period.