· EUR/USD tests record highs near 1.59 after Euro-zone CPI accelerates at fastest pace in nearly 16-years. · ECB's hawkish bias should support EUR/USD, but recent consolidation may lead to a break lower. · Heavy US event risk could spark the move later in the week... Stories to watch on DailyFX · What will move the markets this week? Check out our Top 5 Events. First up: ISM Manufacturing. · According to recent COT data, Extreme Yen Position is Bullish for Yen Crosses. We love feedback! Send any comments or suggestions to tbelkas@dailyfx.com