• EUR/USD gained a little ground on Friday, but still down for the week.
• Market sentiment continues to get lead by Fed rate cut hopes.
• Key EU inflation data due next week ahead of next Fed rate call.

EUR/USD found a slim foothold on Friday, rising one-fifth of one percent at the bell but still ending the overall week in the red, adding into a two-week decline of around 1.12% top-to-bottom. The Fiber continues to churn as investors get ready for another rate call from the Federal Reserve (Fed) and a key update on European inflation figures as Euro traders try to weigh the odds of another European Central Bank (ECB) rate trim.

Coming up next week, key pan-EU Harmonized Index of Consumer Prices (HICP) inflation figures will drop on Wednesday, giving investors a key look into when they could expect a follow-up rate cut from the ECB after policymakers gave a 25 basis point trim in June. EU-wide headline HICP inflation for the year ended in July is expected to ease to 2.3% from the previous 2.5% YoY