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FXStreet (Edinburgh) - The shared currency is now giving away earlier gains on Friday, dragging EUR/USD back to the 1.0825/20 band.
EUR/USD now looks to Eurogroup presser
The pair has already faded the most of the earlier spike to the 1.0900 neighbourhood following initial clues that the tone at the Eurogroup meeting between Greece and its EU creditors was far from friendly.
From the Eurogroup’s press conference, EU’s P.Moscovici remarked that ‘time is running out’ for Greece while J.Dijsselbloem emphasized that there are still important differences between the parties involved, and he instigated Greece to submit a ‘comprehensive list of reforms’.
EUR/USD levels to watch
At the moment the pair is gaining 0.01% at 1.0825 with the next hurdle at 1.0901 (high Apr.24) ahead of 1.0914 (76.4% of 1.1036-1.0521) and then 1.0955 (high Apr.7). On the downside, a breach of 1.0769 (21-d MA) would open the door to 1.0730 (10-d MA) and finally 1.0666 (low Apr.23).
