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EUR/USD consolidates gains near 1.0900

FXStreet (Córdoba) - EUR/USD settled just below the 1.0900 level and has spent the last hours in a narrow range after reaching a 4-day high of 1.0905.

EUR/USD shrugged off upbeat US data and rallied more than 100 pips throughout the American session. The pair found resistance at 1.0905 and pulled back slightly to currently trade around 1.0880, recording a 1.1% gain on the day.

The euro is one of the best performers in the FX market, having risen 1.08% versus the yen and 0.90% against the pound.

The advance of the shared currency was not tempered by reports suggesting that Greece could run out of cash by April 9, which however was quickly denied by Greek authorities.

EUR/USD supports and resistances

If EUR/USD breaks decisively above the 1.0900/05 zone, next resistances are seen at 1.0947 (Mar 27 high) and 1.1000 (psychological level). On the other hand, immediate supports could be found at 1.0800 (intraday support/psychological level) and 1.0750 (daily low).

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