EUR/USD inched up on Friday posting its fifth consecutive winning session, as currency traders mostly shrugged off a positive U.S. jobs report days after Federal Reserve chair Janet Yellen said the U.S. central bank would take a cautious approach to the timing of its next interest rate hike. The currency pair traded in a broad range between 1.1338 and 1.1437, before settling at 1.1389, up 0.008 or 0.07% on the session. The euro hit fresh 5-month highs on Friday morning, before the dollar trimmed losses after the release of the mostly upbeat data. In the last month alone, the euro has surged nearly 5% against its American counterpart, as longstanding concerns related to a sharp divergence in monetary policies has faded. EUR/USD likely gained support at 1.0538, the low from December 3 and was met with resistance at 1.1496, the high from Oct. 15.
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