EUR/USD has maintained its initial gains, trading near 1.1300 during Friday’s European session. The currency pair remains strong after the release of the preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for April, which exceeded expectations. This rise in inflation data indicates a growing demand in the Eurozone economy. Traders are closely monitoring these economic indicators as they provide insights into potential future movements in the EUR/USD exchange rate. With the favorable data, expect heightened activity in the currency markets.