On Monday

After consolidation within the range, the EUR/USD pair is testing its upper boundary, around the 1.1200 mark. The resistance zone, technically, is strong, however, prospects of lowering the Federal Reserve's interest rates are putting pressure on the dollar and supporting the instrument's growth.

Among the news data

That could affect market volatility and trading participants' expectations, attention should be paid to the publication of the consumer price index in Germany, expected later today.