The continuation of the risk-on mood in the global markets is lending extra support to the shared currency and has motivated EUR/USD to break above the key barrier at 1.1300 the figure.

Following a strong pick up in the markets’ appetite for riskier assets in past sessions, the pair is on its way to close the first week with gains after three consecutive weekly pullbacks, including a test of the 1.1180 region.

 In fact, market participants seems to have already digested the recent dovish message from the ECB and the FOMC minutes, while the absence of significant headlines in the US-China-EU trade front and Brexit talks also contribute to the upbeat mood.

In the data space, Industrial Production in the euro bloc contracted 0.2% MoM in February and 0.3% over the last twelve months, both readings surpassing forecasts.


Source: fxstreet.com