EURUSD InsightEuro/US DollarFX:EURUSDshawntime_academyWelcome to all subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - U.S. President Donald Trump and Russian President Vladimir Putin are scheduled to meet in Alaska on the 15th to discuss ending the war. It is reported that President Trump is also working to arrange a “trilateral meeting” by inviting Ukrainian President Volodymyr Zelensky. - On August 12, the U.S. Consumer Price Index (CPI) will be released. The month-over-month growth rate of the core CPI is expected to be 0.3%, marking the second consecutive month of higher growth compared to the previous month. Major Economic Events This Week + August 12: Reserve Bank of Australia interest rate decision, U.S. July Consumer Price Index + August 13: Germany July Consumer Price Index + August 14: U.K. Q2 GDP, U.S. July Producer Price Index + August 15: U.S. July Retail Sales EURUSD Chart Analysis After a sharp drop, the pair has successfully rebounded, rising to the 1.17000 level, which indicates that upward momentum is continuing. However, there is resistance at the 1.18300 level, so confirmation of a breakout above this point will be needed before fully confirming a bullish outlook. If the 1.18300 level is breached, there is a high possibility that the rally will extend to the 1.21000 level.