After encountering seller resistance around 1.1500, EUR/USD continues to consolidate in a narrow range below this level.Financial markets met the news of the agreement reached between Washington and Beijing with restrained optimism. The announced agreement is not yet supported by details. Market participants remain cautious, as the consequences of trade tensions and uncertainty in the negotiations can at any moment again shake up investor sentiment.In addition, investors are focused on inflation data and the upcoming placement of 10-year U.S. Treasury securities. The market is anxiously awaiting whether foreign buyers will show interest in US government debt amid growing budget deficits and unstable trade policy. Perhaps, today is the day when due to the volatility of the dollar, the euro will go beyond the established range.