EUR/USD regains upside traction near 1.1380.

EUR/USD leaves behind Thursday’s downtick and retakes 1.1380.EUR/USD reclaims ground lost and advances to the 1.1380 region amidst the improvement in the risk-associated space on Friday.EUR/USD bid on geopolitics, dollar weakness.EUR/USD extends its consolidative theme in the upper end of the weekly range, although still below the key barrier at 1.1400 the figure.

EUR/USD continues to look to the geopolitical scenario and the risk appetite trends for near-term direction. Further out, the improvement in the pair’s outlook appears underpinned by fresh speculation of a potential interest rate hike by the ECB at some point by year end, higher German yields, persevering elevated inflation and a decent pace of the economic activity and other key fundamentals in the region

EUR/USD: Better bid above 1.1350 amid hopes for diplomacy over Ukraine.EUR/USD is looking to break higher from 1.1350-1.1370 on optimism for diplomacy on the  Blinkin-Lavrov meeting next week. The US dollar holds steady as risk sentiment improves amid easing fears over an imminent Russian invasion of Ukraine. Fedspeak, Biden’s meeting in focus.

GBP/USD holds above 1.3600 after upbeat UK data.GBP/USD continues to trade above 1.3600 early Friday as the market mood remains upbeat on heightened hopes of a de-escalation of geopolitical tensions. The data from the UK showed that Retail Sales rose by 9.1% on a yearly basis in January.