The US dollar soared against the euro and other major currencies, but not for the strong U.S. economy, but rather as a safe haven after the steep drop in the American durable goods, which has increased investors' concerns about the future of the recovery in the global economy.

The euro fell against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4353 after recording the highest of 1.4375 and the lowest of 1.4329. On the short term the currency faces a support at 1.4270 while the momentum indicators show the pair is in an overbought area.

The pound fell against the U.S. dollar during today's Asian session touching the highest of 1.6343, then it weakened further during the European session recording the lowest of 1.6307, and as of this writing it is trading at 1.6328. On the short term the currency faces a support at 1.6280 as momentum indicators show the pair is in an overbought area.

The dollar/yen pair continues to fall where it reached to its lowest at 77.62 level, the pair now is trading at 77.63 recording the highest of 78.01. Momentum indicators show the pair in an oversold area, yet the pair ignores those signs.