EUR/USD has been in an uptrend since mid-April, as markets started pricing in the possibility of the Fed cutting interest rates this year. While the European Central Bank (ECB) is also expected to lower its rates, improved political and growth prospects in the Eurozone have likely pushed the euro higher against the dollar. This week, all eyes are on the U.S. August inflation report, one of the key data points before the FOMC meets to decide on September’s rate move.