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FXStreet (Edinburgh) - The single currency is now wobbling around gains and losses vs. the greenback, with EUR/USD> hovering over the 1.0830 area.
EUR/USD trims gains
The pair sparked a correction lower after being rejected from the 1.0900 area in early trade. In addition, a no-deal between Greece and its EU creditors in today’s Eurogroup meeting has accelerated the leg lower, although sellers could not push spot below the 1.0810/00 band so far.
Ahead in the session, US Durable Goods Orders will look to give back the greenback some of the shine recently lost, with consensus pointing to a monthly expansion of 0.6%.
EUR/USD levels to watch
At the moment the pair is gaining 0.08% at 1.0832 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).