The 16-nation currency fell against the dollar and pound after the incline in the Greek 10-year bonds to the highest level since 1998 which sparked concerns Germany will not guarantee the Greek aid. The pound continued its advance against majors as house prices rose for the nine month in row reflecting recovery in the sector that triggered the financial crisis. On the other hand, the dollar index slid to 81.44 from the day's opening at 81.49 after recording a high of 81.70 and a low of 81.25.
With regard to the euro-dollar pair, it is showing slight decline on the daily and 4-hour charts after rebounding on Friday from last week drop when the euro plummeted to one-year low versus the green currency. The 16-nation currency remains under pressure as the Greek debt agony continues. Despite the aid appealed by Greece from the EU and IMF, the Greek 10-year bonds climbed to record today compared with the German bund. Currently, the pair is trading at 1.3340 recording a high of 1.3397 and a low of 1.3290, whereas support is seen at 1.3290 while resistance is at 1.3380.
As for the sterling-dollar pair, it is rising on the daily charts but facing downside pressure the 4-hour and 1-hour charts. Housing data released today showed further progress in the housing sector, following the improvement seen recently in the economy. Meanwhile, the pair is trading at 1.5469 reaching a high of 1.5497 and a low of 1.5370 while it is expected to move between support at 1.5395 and resistance at 1.5500.
Relative to the dollar-yen pair, it is inclining on the daily and 4-hour charts as the pair spiked after breaching cluster resistance at 93.76 on Friday. The pair is currently trading at 94.24 after reaching a high of 94.35 and a low of 93.91, whereas support is seen at 94.00 while resistance is at 94.80.