EURUSD InsightEuro/US DollarFX:EURUSDshawntime_academyWelcome, subscribers. Please share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - The U.S. Producer Price Index (PPI) for July, announced last week, rose 0.9% MoM, far exceeding the market expectation of 0.2%. - At the U.S.-Russia summit in Alaska, President Trump shifted toward a ceasefire and peace talks, moving closer to accepting President Putin’s condition that Ukraine abandon the Donbas region. The market’s prevailing view is that this effectively ended as Putin’s victory, as Trump showed no progress on “ceasefire plans” or “additional sanctions against Russia.” - On August 16, President Trump briefed European leaders on the summit results, stating, “If President Zelensky of Ukraine abandons the Donbas region, peace talks with Russia will be possible.” A U.S.-Ukraine summit is scheduled for August 18. Major Economic Events This Week + August 20: UK July CPI, Eurozone July CPI, FOMC minutes + August 21: U.S. August Services PMI, U.S. August Manufacturing PMI + August 22: Jackson Hole Symposium, Fed Chair Powell’s speech EURUSD Chart Analysis The pair continues its uptrend, using the 1.14000 level as a support point. In the short term, the bullish momentum is expected to continue, with the anticipated peak at the previous high of 1.18300. If it breaks above this level, an additional rally toward 1.20000 could be expected. However, a reversal to the downside is likely afterward, and a new strategy will be established once a peak is confirmed.