"EUR/USD Outlook: US Inflation Data and ECB Meeting in Focus"
The EUR/USD pair slid on Monday due to the strength of the U.S. dollar and rising Treasury yields, with market focus shifting to the upcoming U.S. inflation report. The report's release is expected to drive increased volatility in the forex markets, with potential implications for the euro's future. Depending on the inflation data, the U.S. dollar may strengthen further or face pressure, impacting the EUR/USD pair's trajectory. Key technical levels to watch include resistance at 1.0785 and support at 1.0720, with potential for a rally towards 1.0835 if sentiment favors buyers.