US CPI release could spark USD rally across major pairs

Today's US Consumer Price Index data stands as a pivotal event for dollar pairs, with potential to accelerate the greenback's recent rebound. EUR/USD faces pressure near 1.0825, having retreated from last week's highs above 1.0900. A hotter-than-expected CPI print above the 0.2% monthly consensus could propel USD strength, potentially pushing EUR/USD toward 1.0780 support. GBP/USD similarly vulnerable near 1.2840, while USD/JPY could extend gains beyond the current 148.60 level toward 149.00. USD/CHF has already shown anticipatory strength, trading above 0.8980. The Federal Reserve has signaled data dependency for future rate decisions, making inflation readings particularly market-moving. Technical setups across major pairs suggest coiled volatility, with traders positioned for potential breakouts. A surprisingly soft CPI could reverse dollar gains, lifting EUR/USD back toward 1.0880 resistance.