The lack of focus economic data at the beginning of the week led to the currency's slow movement as observed on the main charts.
The US dollar remained in its dismal performance after significantly experiencing a decline last week in addition to the poor signal in the US (US) NFP employment report published at the end of the week.
The next indicator will be observed through the US inflation report this week as concerns surround the US economy due to the tariff war.
The price movement on the EUR/USD currency pair chart is still flat between the 1.09000 and 1.08000 range.
However, the price trend is still seen to be bullish, only the upward trend has paused for a while while waiting for further indicators.
If the current factors continue to put pressure on the US dollar, the price will continue to rise higher.
For the upside, the resistance at 1.09000 will be tested and attempted to be broken before a new high is recorded.
The next target is to reach 1.1000 after the price last traded at that level in early November.
However, if the price breaks below the 1.08000 support, the risk of a price drop is high and investors should be prepared.
The initial decline will be towards around 1.07000 before the next focus is at 1.060000.
