The single currency traded at two-weeks high against the European shared currency hours ahead of the release of the infamous jobs report that will be released at 13:30 GMT today, with expectations that the U.S. economy might have added 150 thousand jobs during last month.
Spreading doubts again on European sovereign debt, the Euro-Zone area, witnessed a revised growth rate for the third quarter of this year, where the final GDP reading showed an expansion rate of 0.3 percent, compared with the prior 0.4 percent that was reported in the advanced reading.
Demand for assets in the world's leading economy picked up with the dollar trading at 80.98 on the U.S. dollar index, which tracks the performance of the currency against six-others. The index opened trading at 80.94, while setting a high of 81.07 and a low of 80.76.
The EUR/USD pair fell on the daily scale with signs of further bearishness throughout today. The pair breached 1.3000 levels, where it's currently trading at 1.2979; this is compared with the opening levels of 1.3001. The pair managed to set the highest at 1.3021 and the lowest at 1.2958.
Further bearishness is expected, as the pair targets 1.2970, which if breached, would pave the path for the pair to target 1.2890 levels.
As for the pound, the cable continues to trade between the support at 1.5390 and the resistance at 1.5508. The pair is currently trading at 1.5447, while setting a high of 1.5472 and a low of 1.5403, this is compared with the opening levels of 1.5467. The pair's trading range would be bounded throughout today between the abovementioned support and resistance levels.
The dollar traded higher against the yen, reaching 83.50, compared with the opening levels of 83.30, while setting a high of 83.59 and a low of 82.21.
The pair's nearing 83.50, with the Stochastic Oscillator heading towards an overbought area on the daily scale, the pair might witness a correction later on today that would allow it to re-test levels at 83.00 where obtaining a daily closing below this level, would pave the path for the pair to target 82.50.