The shared currency has started the week on a positive note and is now lifting EUR/USD to fresh session tops near 1.1230 ahead of the opening bell in the Old Continent.
EUR/USD looks to data, risk trends
After two consecutive daily pullbacks, spot has recovered the composure at the beginning of the week and is now posting decent gains in the 1.1230 region.
The selling mood around the greenback is sustaining the buying pressure in the pair so far today, supported as well by the shrinking yield spread differential between the US 10-year note and its German peer.
Moving forward, German Trade Balance figures are due later seconded by the Sentix Index for the current month. Across the pond, February’s Factory Orders will be the sole release today.
Source : FXstreet