The currency pair tested the descending trend line last week, but failed to hold above. US CPI data were better than expected and the Fed is going to hike rates again, which supports USD. We expect EUR/USD to test 1.0002 this week. The currency pair is likely to develop its downtrend targeting 0.9773. If it breaks out 1.0002, EUR/USD is going to test the descending trend line again.