The Euro continued to fall against major currencies and the yen, due to fears of a global economic recovery, on the other hand the Swiss franc rose against major currencies despite the declaration of the Swiss central bank to take further action to combat the rising currency.
The euro advanced against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4427 after recording the highest of 1.4436 and the lowest of 1.4324. On the short term the currency faces a resistance at 1.4450 while the momentum indicators show the pair is in an overbought area.
The pound retreated against the U.S. dollar during today's Asian session touching the lowest of 1.6349, after it recorded the highest of 1.6455, and as of this writing it is trading at 1.6410. On the short term the currency faces a support at 1.6340 which could support the downside movement for the pair, despite the momentum indicators show the pair is in an oversold area.
The dollar/yen pair dropped today where it reached to its lowest at 76.49 level, the pair now is trading at 76.53 recording the highest of 76.78. Momentum indicators show the pair in an oversold area, yet the pair ignores those signs.