The euro spiked up against the other major currencies in the early European session on Tuesday.

The common currency advanced to 1.0896 against the greenback and 0.8510 against the pound, from Monday's closing values of 1.0865 and 0.8493, respectively.

The 19-nation currency climbed to a 4-1/2-month high of 1.0838 against the Swiss franc and near a 4-week high of 120.38 against the yen, compared to yesterday's closing quotes of 1.0820 and 119.25, respectively.

The single currency strengthened to 1.4779 against the loonie, its strongest since November 2016.

The euro rose to a 6-1/2-month high of 1.5667 against the kiwi and a 3-1/2-month high of 1.4462 versus the aussie, from Monday's closing values of 1.5484 and 1.4355, respectively.

If the euro rises further, it may find resistance around 1.10 against the greenback, 0.86 against the pound, 1.10 against the franc, 121.00 against the yen, 1.49 against the loonie, 1.58 against the kiwi and 1.47 against the aussie.

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