As the market braces for Federal Reserve Chair Jerome Powell’s testimony and key corporate earnings, the EUR/USD forecast leans cautiously bearish. Investors await US CPI data for potential influences on monetary policy and market sentiment. Given the mixed economic signals, traders must navigate carefully. Uncertainties about inflation will shape currency dynamics, particularly for EUR/USD. Analysts suggest keeping a close watch on inflationary trends and how they will affect Fed decisions. Market participants remain alert as global economic conditions evolve.