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Forex pairs in this Article » EUR/USD (Edinburgh) -The shared currency is advancing firmly on Friday, recovering from recent losses and pushing the EUR/USD to session highs in the boundaries of 1.3150.

EUR/USD thin data ahead

It seems that the 2-day USD rally is now taking a breather, benefiting the risk-associated assets. Optimism flowing to the FX space from recent record highs in the S&P500 is also collaborating with the better sentiment amongst traders. Ahead in the day, second-tier data are expected in the euro area from German producer prices, Italian industrial sales and Spanish trade balance figures.

EUR/USD levels to watch

At the moment the pair is advancing 0.19% at 1.3135 and break above 1.3179 (high Jul.17) would expose 1.3208 (high Jul.11) and then 1.3255 (high Jun.21). On the flip side, support levels align at 1.3078 (MA200d) followed by 1.3051 (low Jul.16) and finally 1.3036 (MA21d).
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