Investing.com - The euro edged higher against the U.S. dollar on Friday, as it recovered from the previous session's sharp losses as investors focused on discussions over Greece's bailout deal.
EUR/USD hit 1.0695 during late Asian trade, the session high; the pair subsequently consolidated at 1.0679, adding 0.19%.
The pair was likely to find support at 1.0578, the low of March 18 and resistance at 1.0915, Thursday's high.
The euro found some support after European Union leaders said that Greece has agreed to establish a new reform plan in the coming days to secure the additional bailout funds required to prevent the country's bankruptcy.
Ahead of the talks, European Parliament President Martin Schulz had warned that Greece’s financial situation was "dangerous", with debt payments looming.
Meanwhile, sentiment on the greenback remained vulnerable after the Federal Reserve indicated on Wednesday that U.S. economic growth has moderated and that interest rates will rise at a slower pace than previously forecast.
The Fed dropped a reference to being "patient" on the timing of rate hikes, but added that the change in its forward guidance did not mean it has decided on the timing for an initial rate increase.
The euro was also higher against the pound, with EUR/GBP rising 0.22% to 0.7240.