Forex: EUR/USD surges above 1.3270 on “fiscal cliff” progress improves

FXstreet.com (Barcelona) - As U.S. House awaits upcoming vote on Senate's "fiscal cliff" deal, expected to come in the near minutes, EURUSD is surging while USD index tanks, last at 1.3287 EURUSD printing fresh session highs, on hopes vote will be positive. The pair is up +0.68% since early open few hours ago.

With Tokyo and China markets closed for holidays, market conditions are very thin, and moves are so far being quite wild, including Oil, as it breaks above the $92 mark, and Gold remains flat so far though. According to C-SPAN live, time remaining for an agreement on the resolution are less than 10 minutes time now.

Immediate resistance to the upside for EURUSD shows at current levels as Dec 27 highs 1.3284, followed by Dec 20 highs at 1.3295, and Dec 19 highs at 1.3308. To the downside, closest support lies at Dec 26/28 highs 1.3255, followed by Monday's highs 1.3235, and Dec 27 lows 1.3201.