EURUSD forecast on Aug 11

The US Dollar remains strong over the previous trading session. The key risk event for today is the inflation report. We may see good volatility in the market today. EURUSD looks vulnerable but it's trading just above a strong support level 1.1700. The best trades could be found on other currency pairs like USDJPY.  The key trading plan for today:

  • CPI beat - buy USDJPY
  • CPI miss - buy USDJPY dip