Morning briefing: EUR/USD can continue to trade within 1.1100-1.1250

The Dollar Index rose well after the higher-than-expected CPI release (4.08% YY for Oct-26 versus 3.72% for Sep-26). It remains bullish above 101, with scope for a rise towards 103-104, while only a break below 101 (less likely) could extend the downside to 100.