Forex: The Euro rises against the GBP and CHF

19 November 2009 @ 10:31 am EDT

FXstreet.com (Córdoba) - The Euro is rising today against Cable and the Swiss Franc. EUR/GBP is extending yesterday's rally and currently is testing levels above 0.8950. In the last two days the pair has risen more than a hundred pips and continues to recover from 0.8830. To the upside, resistance could be located at 0.8990/0.9000 and above at 0.9070.

The Euro is also stronger against the Swiss Franc and trades at 1.5129/32, the highest level in two weeks. EUR/CHF jumped to 1.5146, posting the highest price since October 30. Form there the pair pulled down but found support at 1.1525. Immediate resistance lies at 1.5155 and above at 1.5180.

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