EUR/USD erases intraday losses

The Euro extended its recovery against the Dollar, erasing its intraday losses during the American afternoon, after Bloomberg reported the ECB is considering ways of using its bond holdings in Greece’s next rescue program.

EUR/USD rose to 1.3151 amid thin trading conditions, having recovered from a low of 1.3065 scored early New York session also supported by the strong rally in stocks on the back of NFP. At time of writing, EUR/USD is trading around 1.3145, where it is virtually unchanged since opening.

Immediate resistance for the cross could be found at 1.3185 ahead of the 1.3200/10 zone and 1.3230, while supports are now seen at 1.3100, 1.3070 and 1.3020.

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