FXstreet.com (Barcelona) - The Euro is being favoured by Dollar weakness and thin trade on Christmas Eve, and the pair has rallied almost 100 pips on the day reaching levels above 1.4400 to hit a fresh intra-week high at 1.4418 so far; 0.55% above its day opening price.

Above 1.4400, next resistance levels lie at 1.4420/25 and above here, 1.4460 and 1.4500/05 (Dec 15 low). On the downside, support levels lie at 1.4324 (session low) and below here, 1.4300 and 1.4260.

EUR/GBP recovery from 0.8855 low on Monday has extended during European session to levels right above 0.9000, to a session high at 0.9010, although the pair is still struggling at 0.9000. Above 0.900, resistance areas are 0.9010 and 0.9050. Support levels lie at 0.8965 and 0.8930.

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