The Euro fell against the dollar and other major currencies, conferences increased after some election losses in the German ruling party campaign, along with the expectations a slowdown in the service sector in the United States which has increased demand for the dollar as safe haven currency.
The euro retreated against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.4138 after recording the highest of 1.4172 and the lowest of 1.4119. On the short term the currency faces a support at 1.4100 while the momentum indicators show the pair is trading in an oversold area.
The pound fell against the U.S. dollar during today's Asian session touching the lowest of 1.6108, after it recorded the highest of 1.6184, and as of this writing it is trading at 1.6124. On the short term the currency faces a support at 1.6100, while the momentum indicators show the pair is trading in an oversold area.
The dollar/yen pair dropped today where it reached to its lowest at 76.67 level, the pair now is trading at 76.80 recording the highest of 76.91. Momentum indicators show the pair is heading to the downside.