The Euro starts the week with losses

By @ibtimes on

The euro fell against the dollar on the first trading session of the week, erasing a five days gains, as a correction to last week's incline, in addition to renewed fears over the European sovereign debt crisis.

The euro fell against the dollar during today's Asian session, where the pair now trades around the 1.3333 level, after recording the highest at 1.3378 and the lowest at 1.3326, where the pair faces a resistance at 1.3400 which pushed the pair to decline. The daily momentum indicators show the pair in an oversold area, which limits the chances of an incline.

The pound fell against the dollar during today's Asian session, where the pair now trades around the 1.5863 level, after recording the highest at 1.5879 and the lowest at 1.5839 where the pair faces a resistance at 1.5900. The daily and four hours momentum indicators show the pair in an oversold area, which limits the chances of an incline.

The yen fell slightly against the dollar and not it trades around the 82.87 levels, recording the highest at 83.00 and the lowest at 82.84. On the other hand, the pair faces a support at 82.70, while the daily and four hours momentum indicators give selling signs.

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