The movement of the US dollar until Tuesday yesterday was still in a slow range as investors examined new indicators that would drive the market this week.
The US-China talks that took place for 2 days in London showed positive developments, but the final result has not yet been revealed.
Investors still see risks to the movement of the US dollar which is expected to be influenced by the consumer price index (CPI) data that will be published in the New York session today (Wednesday).
The direction of the price movement on the EUR/USD currency pair chart failed to show a clear direction with changes in different sessions.
If observed, the price has made a decline from yesterday's Asian session below 1.14000 to reach a daily low near 1.13700.
However, the price rebounded to make an increase reaching a height near 1.14500 in the New York session yesterday.
Prices fell slightly as trading resumed in the Asian session this morning but are still seen above the 1.14000 level.
The direction of price movement is expected to be clearer in the New York session through the latest CPI figures.
If the rise continues beyond yesterday's level, prices will retest the resistance zone at 1.15000 like last week's rise.
Breaking through the zone will push prices to record new highs for the 7-week trading period with the target shifting to 1.16000.
Conversely, if prices plunge below 1.14000, a bearish signal will push prices down to the 1.13000 focus zone.
