EUR/USD extends near 1.0750

FXStreet (Edinburgh) - The single currency keeps pushing higher on Thursday, lifting EUR/USD to test session peaks near 1.0750.

EUR/USD shrugged off poor PMIs

The pair managed to quickly leave behind session troughs around 1.0660 despite preliminary manufacturing and services PMIs in the euro region came in below expectations for the current month. Spot continues to pick up pace and is now navigating the mid-1.0700s ahead of the US docket due later.

Adding to the upbeat tone around the pair, Greek officials hope the Eurogroup meeting tomorrow could yield positive news for the country, in spite that EU officials have practically ruled out any deal.

EUR/USD levels to watch

At the moment the pair is gaining 0.25% at 1.0752 with the next hurdle at 1.0787 (Kijun Sen) ahead of 1.0801 (high Apr.22) and then 1.0825 (high Apr.20). On the downside, a breach of 1.0660 (low Apr.21) would open the door to 1.0646 (61.8% of 1.0521-1.0849) and finally 1.0624 (low Apr.16).