Euro Recovers Against Majors

18:16, 26th January 2015

(RTTNews) - The euro recovered from its early lows against the other major currencies in the Asian session on Monday.

Having fallen to a 7-year low of 0.7403 against the pound and nearly a 1-1/2-year low of 130.13 against the yen, the euro rebounded to 0.7467 and 132.36, respectively.

Against the U.S. dollar, the euro rose to 1.1221 from an early low of 1.1096, lowest since March 2003.

Against the Swiss franc, the Australia, the New Zealand and the Canadian dollars, the euro edged up to 0.9877, 1.4217, 1.5094 and 1.3971, from early lows of 0.9782, 1.4106, 1.4965 and 1.3825, respectively.

If the euro extends its uptrend, it is likely to find resistance around 0.77 against the pound, 139.02 against the yen, 1.18 against the greenback, 1.20 against the Swiss franc, 1.46 against the aussie, 1.55 against the kiwi and 1.44 against the loonie.