The greenback started today's session with an incline for the first time in three days against the shared currency and its major counterparts, after today's report that showed economic growth in China expanded 9.8% pace in the 4thquarter, boosting concerns that china will take more monetary tightening to curb economic growth, pushing Asian stock markets to decline.
The euro/dollar pair declined slightly during the first half of Asian session, and now the pair trades around the 1.3458 level, after recording the highest at 1.3462 and the lowest at 1.3426, where the pair faces a resistance at 1.3490. The daily momentum indicators show the pair in an overbought area, while the four hours momentum indicators give selling signs, which limits the chances for an incline during today's trading session.
The pound dropped against the American dollar during the Asian session, where the pair now trades around the 1.5942 level, after recording the lowest at 1.5917 and the highest at 1.5972. The daily momentum indicators show the pair in an overbought area, while the four hours momentum indicators give selling signs, which limits the pair's upside movement in today's session.
The yen/dollar pair rose slightly and it traded in a narrow range in the first half of today's session, and now it trades around the 82.10 levels, recording a low of 82.06 and a high of 82.23, the pair faces a support at 81.90, while the four hours momentum indicators give buying signs.