The US dollar is treading water as traders await inflation data which would dictate the next movement.
The greenback has fallen back to test the medium-term support (0.9210) from the daily chart after a three-month-long rally.
An RSI divergence right above the key level is a sign that the correction has lost its momentum. Though a bullish breakout above 0.9280 will be needed to confirm a reversal.
To the downside, a drop below the said support would trigger a new round of sell-off towards 0.9140.
