The greenback rose versus its major counterpart the European currency during first session trading of this week, when the shared currency is trading near the lowest level in three weeks, as the predications indicated that the European Ministers are working to find a stimulus to reduce debt, while the euro-zone financial crisis will persist.
The euro/dollar pair started today's Asian session with a decline, where the pair now trades around the 1.3529 level, after recording a high of 1.3549 and a low of 1.3502. The pair faces a support at 1.3495, which limits the pair's downside movement. The daily momentum indicators show the pair in an oversold area, while four hours momentum indicators give selling signs.
The pound rose against the dollar during the Asian session, where the pair now trades around the 1.6060 level, after recording the highest at 1.6075 and the lowest at 1.5999. The pair faces a resistance at 1.6095. The daily momentum indicators show the pair near of the oversold area, while the four hours momentum indicators give buying signs, which support the pair's upside movement.
The dollar/yen pair dropped sharply during today's session, where it trades around the 83.23 level, recording a high of 83.44 and a low of 83.13 and the pair faces a support at 82.90. The daily momentum indicators show the pair in an overbought area, pushing the pair to decline, while the four hours indicators give selling signs.