The green currency rebounded from the early drop to the low of 75.75 to 76.01 seen by the dollar index, which tracks the dollar movements against a basket of major currencies. Markets are waiting for the important U.S. confidence report, which is expected to make a change in currency movements.
The euro-dollar pair traded with a slight downside bias seen over daily and 4-hour charts. The data released today showed a decline in M3 money supply in the euro zone to a record. Meanwhile, the euro is traded at 1.4865 recording a high of 1.4926 and low of 1.4847, where the pair is supported by 1.4850 then faces the coming resistance of 1.5000.
The sterling-dollar pair showedan incline for the second day on the daily charts after the tremendous drop of Friday, which occurred after the disappointing GDP for the third quarter. Nevertheless, on the 4-hour and 1-hour charts, the pair is declining slightly. So far, the pound is trading at 1.6381, setting a high of 1.6438 and a low of 1.6281; while the coming support for the pair is seen at 1.6358 and the resistance is spotted at 1.6422.
The dollar-yen pair showed a downside tendency over daily basis. The pair declined towards the strong support at 91.71, which represents 38.2% Fibonacci retracement level to the downside trend that started on August 10. Presently, the pair is trading around 92.03 after hitting a high of 92.32 and a low of 91.80; while the pair is currently facing the coming support level at 91.71, while the resistance is spotted at 92.15.