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24 Dec 2014
EUR/USD hits fresh daily highs; breaks above 1.22 handle
FXStreet (Mumbai) - The Euro advanced against the US dollar during European session, moving away from fresh two and a half year lows reached yesterday.
Currently, the EUR/USD pair hit fresh daily high at 1.2208 levels, up 0.27% on the day. Broad based weakness in US dollar against its major peers lifted the Euro to daily high levels. The trading volumes are expected to remain subdued on Christmas Eve with most of European markets closed for the day.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2247 (Dec 23 High) levels, above which gains could be extended to 1.23 levels. On the flip side, support is seen at 1.2164 (Dec 23 Low) levels, below which it could extend losses to 1.2140 (2012) levels.
Currently, the EUR/USD pair hit fresh daily high at 1.2208 levels, up 0.27% on the day. Broad based weakness in US dollar against its major peers lifted the Euro to daily high levels. The trading volumes are expected to remain subdued on Christmas Eve with most of European markets closed for the day.
EUR/USD Technical Levels
The pair has an immediate resistance at 1.2247 (Dec 23 High) levels, above which gains could be extended to 1.23 levels. On the flip side, support is seen at 1.2164 (Dec 23 Low) levels, below which it could extend losses to 1.2140 (2012) levels.