The dollar at the lowest in a week against the euro

By @ibtimes on

The dollar trades near the lowest in a week against the euro, as demand on higher yielding assets increased on expectations confidence will improve in Europe and the leading indicators will rise in the US, giving more evidence of a recovering global economy.

The euro rose today against the dollar trading around 1.3569 after recording the highest at 1.3608 and the lowest at 1.3565. The pair faces a resistance at 1.3580. The daily momentum indicators give buying signs, while the four hours indicators show the pair in an overbought area.

The pound rose today against the dollar trading around 1.6100 after recording the highest at 1.6116 and the lowest at 1.6087. The pair faces a resistance at 1.6185. The daily momentum indicators show the pair in an oversold area, while the four hours indicators show the pair in an overbought area.

The dollar against the yen fell slightly as the pair trades around the 83.55 level, recording the highest at 83.62 and the lowest at 83.51. The pair faces a support at 83.00. The daily momentum indicators show the pair in an overbought area favoring selling the pair.

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