FXstreet.com (Sydney) - The EUR/USD has strengthened and is trading at a 2009 high. The pair is trading at 1.5115. The pair has risen steadily since opening and finds support at 1.5080 while resistance can be found at 1.5164. The pair is considered slightly bearish.

In the US, stocks rose slightly with the release of more positive signs that the US recovery is gaining momentum. Claims for unemployment benefits fell sharply while the sales of new homes rose in October to their highest level in 2009. The dollar also fell to 15-month lowes against a number of currencies.