FXstreet.com (Sydney) - The EUR/USD continued on its upward trend for the week finishing the day's trade at 1.4875. This represents an improvement of 1.05% for the week and is likely to test heights not seen since October 25. Current supports are at 1.4625 with key resistance at 1.4860. If this can be overcome, the EUR/USD may once again test the 1.5000 mark.
While the prevailing trend of the euro against the dollar in on an upward bias, the EUR/USD must hold onto 1.4860. Any falls below this level could see the dollar gain momentum. US unemployment data is due this Friday.