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FXStreet (Edinburgh) - The European currency keeps the upbeat tone intact on Thursday, with EUR/USD now hovering over the mid-1.0700s so far.
EUR/USD trimming losses
After bottoming near 1.0500 the figure on Monday, the subsequent rebound is allowing the pair to recover part of the ground lost in last week’s deep pullback from the critical barrier around 1.1050.
Poor results from the US docket acted as the main driver behind the EUR-recovery, offsetting so far the worrisome scenario shaping up in Greece.
EUR/USD key levels
The pair is now advancing 0.52% at 1.0739 with the next resistance at 1.0768 (high Apr.16) followed by 1.0788 (high Apr.9) and finally 1.0800 (psychological level). On the flip side, a break below 1.0613 (100-h MA) would open the door to 1.0571 (low Apr.15) and finally 1.0532 (low Apr.14).