EUR/USD is showing a pullback as it approaches its August high, with the focus turning to US CPI data. The currency pair is trading cautiously as investors await the release of key economic indicators. The US dollar is likely to be influenced by the CPI data, which could impact the direction of EUR/USD in the short term. Traders are advised to keep a close eye on market movements and be prepared for potential volatility. Stay tuned for updates on how the currency pair reacts to the upcoming data release.