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July, 17 - EUR/USD is up smalls and trades closer to the 1.14 mark

EURUSD1707The single currency has regained some buying interest and is now pushing EUR/USD to the vicinity of the 1.1400 neighborhood on Friday. EUR/USD appears to have resumed the upside at the end of the week following Thursday’s moderate pullback. In fact, the greenback is receding some ground and allowing the move higher in the risk complex, always against the backdrop of the advance of the pandemic across the world and the gradual recovery in the economic activity.

EUR/USD clinched fresh multi-month tops in the 1.1450 region on Wednesday, opening the door to a potential move to 2020 peaks near 1.15 the figure in the near-term. As always, upbeat risk appetite trends continue to support the momentum around the euro in combination with the current recovery in the euro zone. Also supportive of a strong euro appears the solid stance of the current account in the euro area.

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