No major events are expected today.

The EUR/USD pair starts the week around 1.1730, holding above the psychologically important 1.1700 level and posting gains after Friday’s correction. According to Torforex, maintaining prices above the 1.1650–1.1670 range confirms the “bullish” scenario and signals the market’s readiness to test the 1.1760–1.1800 zones.

From a fundamental perspective, the dollar remains under pressure due to an “unusual” U.S. inflation report: July’s CPI came in below expectations, reigniting talks of a potential Fed rate cut as early as autumn. Meanwhile, Treasury yields have stabilized but remain below July’s peaks, limiting the dollar’s attractiveness for fixed-income asset holders.

In the eurozone, short-term support for the euro comes from the persistent current account surplus and moderate growth in the services sector. We also assume that the recent 25-basis-point ECB rate cut is already priced in; further moves will depend on the dynamics of core inflation (according to the company’s analytical department). Overall, we expect a continuation of moderate upward movement.

Recommendations: BUY 1.1725, SL 1.1705, TP 1.1825.