EURUSD

Thursday will be the most critical day of the week. The ECB's interest rate decision and the subsequent statements from the President will determine the main direction of the pair. An unexpected interest rate change or hawkish/dovish messages could lead to sharp movements in EURUSD. The Eurozone CPI data to be released on Wednesday will also provide important clues about the trend of inflation, shaping expectations for the ECB's decision. The heavy flow of data coming from the US on Tuesday (CPI, Unemployment, Retail Sales) may also increase volatility in the pair.