The EUR/USD pair traded higher after inflation reports showed a bigger than expected rise in prices during March to 2.6% from 2.4%, raising further confirmation that the ECB will tighten its policy during next week's rate decision.

The US dollar index which tracks the performance of the dollar against six-majors fell on the daily scale to 75.90, compared with the opening levels of 76.07 while setting a high of 76.16 and a low of 75.65.

The EUR/USD pair traded higher at 1.4180, compared with the opening levels of 1.4126 while setting a high of 1.4233 and a low of 1.4114.

The pair's trading is bounded by the support at 1.4085 and the resistance at 1.4240.

The sterling dropped from the opening levels of 1.6070 to trade at 1.6054 while setting a high of 1.6149 and a low of 1.6051.

Trading range for today is bounded by the support at 1.6000 and the resistance at 1.6100.

As for the dollar's performance against the yen, the pair traded lower at 82.75, compared with the opening levels of 82.85 while setting a high of 82.21 ad a low of 82.54.

The pair's trading is bounded by the support at 82.50 and the resistance at 83.50