The Euro rose during the Asian session today, currently trading near its highest level in four months against the dollar, on the other hand Germany awaits today data on the factory orders which are expected to rise higher than forecasted which could prompt the European Central Bank to resort to raising interest rates to increase the demand on the European currency.
The shared currency incline against the greenback during today's Asian session, as the pair trades around 1.3985, after recording a high of 1.3987, and a low of 1.3955. The pair faces a resistance at 1.4000. The daily momentum indicators show the pair in an overbought area, while the four hours indicators give a buying signs.
The pound/dollar pair increased since the beginning of today's trading, and now the pair trades around 1.6205 after recording the highest at 1.6206 and the lowest at 1.6183. The pair faces a resistance at 1.6230. The daily and four hours momentum indicators give selling signs, supporting the pair's downside movement.
The dollar/yen pair declined at the first four hours of the trading session, but now the pair trying to compensate its losses, and now the pair trades around the 82.22 level, recording a high of 82.30 and a low of 82.21. The pair faces a support at 82.00.The daily and four hours momentum indicators give buying signals.