The euro starts the week with gains

By @ibtimes on

The European currency rose against the yen and the greenback, trying to start this week with gains, alongside the Asian stocks erased their losses, pushing the demand for high yielding assets such as the shared currency and the British pound.

As for today's Asian session, the shared currency rose against the U.S. dollar during the first half of trading session, where the pair trades around 1.3754, after recording the highest at 1.3760 levels, and the lowest at 1.3710 levels. The pair faces a resistance at 1.3790. The daily momentum indicators show the pair in overbought areas which may favor the pair's decline, while four hours indicators show the pair in an oversold area.

Turing to, the pound rose slightly today against the dollar during Asian session, and now the pair trades around 1.6102 after recording the highest at 1.6109 and the lowest at 1.6070. The pair faces a support at 1.6170. The daily and four hours momentum indicators show the pair in an oversold area, pushing the pair to decline.

The dollar against the yen increased slightly during today's Asian session, and now the pair trades around the 81.65 level, recording a high of 81.75 and a low of 81.61. The pair faces a support at 81.50. The daily and four hours momentum indicators show the pair in an oversold area which may favor the pair's incline.

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