The euro traded higher against the dollar and other major currencies since the beginning of the today's session, with expectations that the European leaders on their way to increase the support plan to contain the European debt crisis, on the other returned the dollar and the yen declined slightly against major currencies, amid increased risk appetite.
The euro advanced against the U.S. dollar during today's Asian session. The EU currency is trading as of this writing at 1.3813 after recording the highest of 1.3839 and the lowest of 1.3724. On the short term the currency faces a resistance at 1.3870 while the momentum indicators show the pair is heading to the downside.
The pound increased against the U.S. dollar slightly during today's Asian session touching the highest of 1.5776, after it recorded the lowest of 1.5699, and as of this writing it is trading at 1.5726. On the short term the currency faces a resistance at 1.5800, while the momentum indicators show the pair is trading in an overbought area.
The dollar/yen pair retreated during today's Asian session where it reached to its lowest at 76.64 level, the pair now is trading at 76.79 recording the highest of 76.82. Momentum indicators show the pair is heading to the downside.