Trader_BrianFX

EU: Maintained steady productivity recovery over the past week

OANDA:EURUSD   Euro / Dolar A.S.
Hello everyone, Brian here!

The EUR/USD has ascended to a three-week high, nearing 1.0800. This strength in the primary currency pair is bolstered by the weaker-than-expected US Non-Farm Payrolls (NFP) report, which has put pressure on the USD, benefiting EUR/USD in turn. From a technical perspective, the EUR/USD extended its winning streak to the third session on Friday, reaching a three-week high around 1.0800. The short-term appeal of this currency pair has improved as it continues to trade within an ascending price channel.

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