The euro leads decline amid the absence of economic fundamentals today from major economies. Investors meanwhile are resorting to safe havens, more specifically yen, franc and dollar.

Debt woes in the euro zone are still predominant and worsening the outlook for the new year.

EU leaders meeting last week came out with an agreement to put a permanent mechanism for combating potential debt crisis starting from 2013.

However, concerns remained persistent as Moody's Investors Services downgraded Ireland's credit rating today by five levels along with placing the outlook for the country to Negative, while it put Greece's bond rating under review for possible multi notch downgrade and Spain also.

Later in the week, US and UK will release growth figures and eyes will be on BoE minutes for the month of December.

The Confederation of British Industry said the BoE may raise interest rate in the course of the upcoming six months to stop prices acceleration.

Concerning the euro-dollar pair, it slipped for the second day, yet it is doing attempt to remain above strong support at 1.3120, where it is currently trading at 1.3105.

So far, the pair has recorded a high of 1.3187 and a low of 1.3093, while the trading range for today is among the key support at 1.2795 and the key resistance at 1.3370.

Moving to the royal pair, it is showing a remarkable decline on the daily charts after the breach of 1.5580 then 1.5550 support levels to fell to 1.5502.

The pair has recorded a high of 1.5575 and a low of 1.5474, whereas the trading range for today is among the key support at 1.5230 and the key resistance at 1.5730.

With regard to the dollar-yen pair, it fell for the third day yet trying to remain above support at 83.70 critical level, where the pair has recorded a high of 84.11 while the day's low was seen at 83.61.

Meanwhile, the pair is trading at 83.67, whereas the trading range for today is among the key support at 81.90 and the key resistance at 86.25.