The demand for the shared currency remains on the rise at the end of the week and is now pushing EUR/USD higher to the 1.2340/50 band. EUR/USD in 3-day peaks The pair is already gaining around 2 cents since yesterday’s multi-week lows in the 1.2150 region, at the same time almost fully retracing the Powell-led sharp sell-off. Spot keeps the upside momentum intact today despite US Consumer Sentiment came in at 99.7 for the month of February, surpassing both the preliminary reading and January’s 95.7. In the meantime, spot managed to revert the weekly leg lower and is now trading back into the positive territory, with the upcoming ECB meeting poised as the next big risk event facing the single currency.