Bearish bias ahead of US CPI; price below the 20-period EMA (~1.1443) after a bear-flag breakdown. Fade rallies into 1.1420-1.1440, stop above 1.1465, targeting 1.1325; a CPI-driven breakdown below 1.1350 extends the move toward the 1.1325-1.1300 pocket. | Neutral, tactical range-bound bias post-CPI. Short scalp: fade upside pushes into 1.1450-1.1460, tight stop above 1.1485, targeting a return to 1.1410.