The EUR/USD currency pair is experiencing upward movement, trading closer to the 1.0380 mark during Wednesday’s European session. This rise occurs as traders prepare for the Consumer Price Index (CPI) data release for January from the United States, scheduled for publication at 13:30 GMT. Market participants should stay alert, as this data could create significant volatility for the currency pair. The unfolding economic conditions underscore the importance of monitoring key data points and adjusting strategies accordingly to maximize trading effectiveness in this environment.