BRUSSELS (Alliance News) - Germany's better-than-expected gross domestic product data for the fourth quarter helped lift the euro against its US counterpart ahead of the European session on Friday.
The euro climbed above the 1.37 level against the greenback, rising as much as 1.3705 around 2:25 am ET, its highest level since January 27.
The trend-line resistance of a descending channel has broken around the 1.3635 area and the likelihood of extending the present bull run could help the pair challenging a near-term resistance around the 1.3740 area.
