The euro strengthened against most major currencies in the early European session on Wednesday.

The euro rose to nearly a 5-week high of 1.0504 against the Swiss franc, nearly a 4-week high of 1.0995 against the Swiss franc and more than a 3-week high of 130.76 against the yen, from early lows of 1.0475, 1.0958 and 130.25, respectively.

Moving away from an early near 2-year low of 1.3677 against the Australian dollar, the euro edged up to 1.3762.

Against the New Zealand and the Canadian dollars, the euro edged up to 1.4265 and 1.3223 from early lows of 1.4186 and 1.3189, respectively.

If the euro extends its uptrend, it is likely to find resistance around 1.07 against the franc, 1.13 against the greenback, 133.00 against the yen, 1.43 against the aussie, 1.46 against the kiwi and 1.34 against the loonie.

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