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FXStreet (Edinburgh) - The single currency is extending its rebound on Friday, sending EUR/USD to re-visit the 1.0880 area.
EUR/USD shrugged of Greece headlines
The pair managed to pick up pace once again from the key support around 1.0800 the figure, leaving behind the failed attempt to clinch a deal between Greece and the EU creditors.
The euro seems to have found extra oxygen in the appreciations by ECB’s Constancio. He defended the solid pace of the recovery in Euroland and he showed himself confident about a deal on Greece.
EUR/USD levels to watch
At the moment the pair is gaining 0.43% at 1.0872 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).
