The Euro closed the week with gains amid poor demand for the Greenback, the EUR/USD advanced to a near two-week high of 1.1344 on Friday despite an increase in the Eurozone inflation rate. The euro area annual inflation rate was 1.5% in February, up from 1.4% in January, and 1.1% for the same time last year, according to Eurostat, the statistical office of the European Union. And EU annual inflation was 1.6% in February, up from 1.5% in January, and 1.4% in February 2018.
Looking ahead, the Eurozone will report on trade figures. On the technical front, support comes in at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. On the upside, resistance resides at the 1.1350 level with a breakthrough there opening the door for further upside towards the 1.1400 level.