European currency rose with the beginning of the week against the dollar in a correction movement after the sharp declines of the euro over the past week, on the other hand the yen continues to trade at high levels against the dollar with the fear of any intervention from the BOJ in the FOREX market again.

The euro started today's session with an increase against the dollar, as the pair trades around 1.4429 after recording the highest at 1.4436 and the lowest at 1.4348. The pair faces a resistance at 1.4460. The daily momentum indicators show the pair is in an oversold area.

The pound traded higher against the greenback, trading around 1.6379 after recording the highest at 1.6405 and the lowest at 1.6350. The pair faces a resistance at 1.6430. The daily momentum indicators show the pair is in an oversold area.

The dollar/yen pair decreased during the Asian session, as the pair trades around the 80.62 level, recording the highest at 80.78 and the lowest at 80.50. The daily momentum indicators show the pair is in an oversold area.