Dollar Strength Tests EUR/USD at 1.1350 Support Ahead of US CPI

EUR/USD trades near 1.1415 under renewed dollar pressure after Goldman Sachs slashed its 6- and 12-month targets to 1.12 on July 11. The pair recovered from June lows near 1.1325 but has since failed to sustain gains above 1.1450 as resilient US data, higher yields, and geopolitical tensions bolster the dollar. Multiple banks including HSBC, Capital Economics, and Mizuho have turned bearish, citing persistent rate differentials and Eurozone growth concerns, while others such as MUFG and Scotiabank still see a possible rebound toward 1.15-1.18 later in the year. The pair remains locked in a 1.1360-1.1450 range ahead of US CPI and FOMC minutes.