Uncertain price movements until yesterday had been expected by analysts and investors also remained cautious from the beginning of the week.
The focus is now on the United States (US) inflation data that will be published in the New York session later tonight.
The latest inflation rate expectations with increased figures may trigger doubts for the Federal Reserve (Fed) to switch to monetary policy easing.
Will the US dollar be strong? Or plummet?
The US dollar on Wednesday yesterday traded weak again after showing a recovery the previous day.
On the chart of the EUR/USD currency pair, it appears that the price made an increase in the New York session up to the level of 1.09700 at the end of the session.
The price also re-crossed the Moving Average 50 (MA50) barrier on the 1-hour time frame on the chart to give an early signal of a bullish trend change.
The slow rise continued in the Asian session this morning (Thursday) seeing the price heading towards the 1.1000 resistance level which has been the focus since last week.
If the resistance is finally broken after this, the bullish movement of the price could push the jump to reach around 1.11000.
On the other hand, if the current situation sees the price plunge again, the closest support is at the 1.08800 zone as it was hit last Friday.
A break lower will lead to a further decline towards the next concentration zone at 1.08000.
