Market movements have been mixed since the opening of the week as investors are still digesting the current issues that are in focus.
The development of the war situation and Trump's tariff threats, for example, can influence the change in current market sentiment and also affect the direction of price movements.
The US dollar, which started trading at the opening of the week with a gloomy start, is showing a recovery as investors become wary of risks in the market.
However, more clear consolidation has not been shown while United States (US) economic data is the focus of evaluation yesterday and today (Wednesday).
Examining the price movements on the EUR/USD currency pair chart, the price has repeatedly shown attempts to rise above the 1.05000 zone but still failed.
In the European session yesterday, the price had exceeded that level in its initial rise but retreated back down again in the New York session.
The price slowly resumed trading in the Asian session this morning, remaining hovering below the 1.05000 zone as a resistance for the price.
If the price rises after this manage to break through that resistance, the target at 1.06000 will be attempted.
This level is the focus resistance tested in last week's trading.
However, if the price is pushed down, the closest focus will be at 1.04000 before the price, which continues to decline, can surpass the level reached last week around 1.03330.
Next, the latest low will be recorded by the price with a target at 1.03000 for the continued decline.
