EUR/USD: Bulls to Keep Control After US Inflation Announcement?

The EUR/USD pair continued its pattern of fluctuating within a narrow range below the 1.08 mark, following a slight decrease at the start of the week. Later in the day, the release of January's Consumer Price Index (CPI) data from the US could potentially prompt a breakout from this range.
Forecasts suggest that inflation in the US, as indicated by changes in the CPI, may ease slightly to 2.9% in January, compared to 3.4% in December. Additionally, the Core CPI is anticipated to show a 3.7% increase during the same period, down from the 3.9% uptick observed in December. Monthly projections indicate an expected rise of 0.2% for the CPI and 0.3% for the Core CPI.
Numbers above or below expectations could have an impact on the EUR/USD pair, as well the pound, yen and swiss franc.
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[@Tomkinsbc]

One thing I would like to interject something here. GDP can be skewed by many factors and give a misleading message as to how well it is doing. Also I listened to Dannielle DiMartino Booth just a few days ago. She worked at the Dallas FED. She has said that the FED has not created one fulltime job since last February 2023, that is right one year ago. They have all been fulltime jobs. The house hold report on jobs has a better record reporting the jobs report as they count one person as woring even if he takes 4 partime jobs to get even close to paying his bills. So in that case 4 jobs taken by one person is one job and not 4 jobs as the FED likes to report.

[@Tomkinsbc]

Sorry I meant to say they have been all partime jobs.