FXstreet.com (Barcelona) - European markets remain practically flat three hours after the opening bell in a thin session on Christmas eve; In FX markets, Euro and Pound have tried to pick up from Tuesday's multi-month lows.

The Eurostoxx Index trades 0.4% up, while the German DAX Index adds 0.2% and the french CAC Index trades practically flat. In the UK, the FTSE Index trades 0.2% up.

In absence of macroeconomic figures, markets are trading in low volumes, as investors look ahead to next year with equity markets at 14-months high after having rallied continuously since March.

Euro and Pound attempting to trim losses

Euro recovery from 3.month low at 1.4215 has extended higher on European session as the pair broke through 1.4370 (Dec 21 and 23 high), to reach a fresh intra-week high at 1.4390 so far.

GBP/USD is also picking up on European session, and after having found support at 1.5920, the Pound advanced through 1.6000 area and is testing intra-day high at 1.6015 at the moment of writing.

USD/JPY failure to break above 91.85 resistance area on Tuesday and Wednesday has triggered a pullback during Asian session which has taken the Dollar to an intra-day low at 91.10 on European session.