The Greenback rebounded on Monday, after falling for three straight sessions, as it gained support at 81.07 touched on Friday as seen on the dollar index's daily charts. The index which tracks the dollar movements versus six major currencies inclined to 80.94 from the day's opening at 80.42 and is expected to face next resistance at 81.30.
With regard to the euro-dollar pair, it is showing decline, after doing upside correction last week, when it fell near the lowest level in 9 months versus the greenback. Today's data showed that PMI manufacturing climbed to the highest in 30 months in February and January's unemployment remained at 9.9%, but fears with regard Greece raised concerns reduced the appeal of the 16-nation currency. Now, the pair is traded at 1.3532 after reaching a high of 1.3653 and a low of 1.3505, where the coming support is seen at 1.3485 and next resistance is at 1.3590.
As for the sterling-dollar pair, it fell sharply on the daily charts on speculations the newly elected government is going to be minority which aroused doubts concerning tackling the widening budget deficit in the U.K. The pair is continuing its bearish trend that started since mid November near the lowest level in nine months against the green currency, where the pair is currently traded at 1.4939, declining for the first time in 10 months below 1.50 level, recording a high of 1.5202 and a low of 1.4780, while it is moving between support at 1.4850 and resistance at 1.4985.
Relative to the dollar-yen pair, it rebounded after falling in an oversold area as seen on the daily charts, but the pair failed to remain above strong resistance at 89.27 which represents 50% Fibonacci retracement to the upside trend that started in December. The pair is currently traded at 89.20, hitting a low of 88.79, and a high of 89.36, while support is seen at 88.50 while resistance is at 89.70.