The euro declined against its American counterpart in today's Asian session reaching the lowest since June 14 ahead of the German unemployment rate that is on queue today with forecasts referring to higher unemployment. The USDIX that tracks the dollar's strength against a basket of currencies, fell today to record a low of 78.64 and a high of 79.06, and it is currently trading around 78.75.
The euro dollar pair fell below the 1.4000 levels to record a low of 1.3934 and a high of 1.4037, having the union currency trading around 1.4015. Breaching the 1.4000 levels might be followed by an extended drop over the medium term; and the pair is currently trading in an oversold area according to momentum indicators on the daily charts. However, the pair is having a support at 1.3945 along with a resistance at 1.4225.
The pound dollar pair is consolidating between 1.6250 levels and 1.6120 levels recording a low of 1.6136 and a high of 1.6228, while the royal pound is currently trading around 1.6180. The pair is having a support at 1.6150 along with a resistance at 1.6265, and momentum indicators on the four hours and one hour charts are supporting a downside.
Finally, the dollar gained against the Japanese yen to record a high of 90.38 and a low of 89.93, having the pair currently trading around 90.20. Today's resistance could be found at 90.45, while the support could be found at 88.60. The pair is expected to show further gains according to the daily stochastic oscillator, and if it breached the resistance it will target 90.80 levels. However, the U.S durable goods orders is on queue today that might mover the market.