FXstreet.com (Córdoba) - The Euro is consolidating gains against the Dollar. EUR/USD is holding above 1.4920 which suggest that it could continue rising. The next resistance lies at 1.4950 and above at 1.4980. The pair peaked at 1.4946, posting a fresh high for the current year.
Currently it trades at 1.4930/34, 0.55% above today's opening price. Greenback was affected by rising stocks. The Euro is rising for the third consecutive day accumulating an increase of more than 200 pips.
According to the ecPulse.com analysis team: The Dow Jones Industrial Average added points today due to investors' optimism that drove him above 10.000 levels, which comes the highest level in more than 12 months where investors' felt optimism as earnings from JPMorgan Chase & Co along with Intel Corp that came in better than markets expectations. Along with the declining value of the dollar which pressured commodities to historic highs and driving indices higher to continue its seven month rally.