The greenback retreated at the beginning of the European trading session against major currencies, on expectations the Feds will take further action to support the slowdown in U.S. economic growth, which increasedinvestors'risk appetite improving demand of high-yielding currencies.

The euro advanced against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4477 after recording the highest of 1.4485 and the lowest of 1.4356. On the short term the currency faces a resistance at 1.4520 while the momentum indicators show the pair is heading to the upside.

The pound soared against the U.S. dollar during today's Asian session touching the highest of 1.6556, after it recorded the lowest of 1.6452, and as of this writing it is trading at 1.6547. On the short term the currency faces a resistance at 1.6580 which could support the downside movement for the pair, as the momentum indicators show the pair is heading to the downside.

The dollar/yen pair dropped today where it reached to its lowest at 76.56 level, the pair now is trading at 76.58 recording the highest of 76.91. Momentum indicators show the pair is heading to the upside.