Forex: EUR/USD: Euro rises further above 1.4350

By IBTimes Staff Reporter | December 23 2009 1:22 PM

FXstreet.com (Córdoba) - The Euro has extended it gains against the Dollar. EUR/USD rose above 1.4350 to 1.4367 reaching afresh intra-day high. To the upside immediate resistance is located at 1.4375 (Dec 21 high) and above at 1.4410 (Dec 18 high). The pair trades at 1.4355/60, 0.75% above today's opening price. Since the begging of the American session it has risen more than 70 pips.

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The Euro is also higher against the Pound. EUR/GBP jumped above 0.8950 to 0.8998 posting the highest price in a week. The pair is rising for the third day in a row accumulating an increase of more than a hundred pips.

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