Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

EUR/USD Eyes Last Week's High Amid Soft US CPI Hopes

Guavy AI Editorial Team
Instruments
EUR USD
Share

EUR/USD is trading in a lackluster fashion despite better Eurozone data and upside surprises. According to Chris Turner at ING, high European natural gas prices and Gulf tensions are weighing on the Euro.

The tension in the Gulf is keeping European natural gas prices above €60/MWh, which may be capping the Euro's upside potential.

However, a soft US CPI print could allow EUR/USD to challenge last week's high at 1.1580, although further gains may be limited by upcoming data and the Jackson Hole symposium before the Fed's mid-September decision.

More on Forex

Forex 6m ago

July US Inflation Rebound Falls Short of Expectations

Forex 8m ago

EUR/USD Stalls as US Inflation Data Provides No Surprise

Forex 8m ago

Easing Inflation Triggers Euro Zone Bond Yield Decline

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy