The euro rose against the dollar and other major currencies after Germany announced that it remains committed to the euro, on the other hand the dollar fell against major currencies after the U.S. economy announced a worse than expected ADP reading.
The euro started today's session with an increase against the dollar, as the pair trades around 1.4378 after recording the highest at 1.4381 and the lowest at 1.4324. The pair faces a resistance at 1.4420. The daily momentum indicators show the pair is in an overbought area.
The pound traded lower against the greenback, trading around 1.6312 after recording the highest at 1.6352 and the lowest at 1.6310. The pair faces a support at 1.6280. The daily momentum indicators show the pair is heading to the downside.
The dollar/yen pair decreased during the Asian session, as the pair trades around the 80.80 level, recording the highest at 81.31 and the lowest at 80.80. The daily momentum indicators show the pair is in an oversold.