Gains for the euro ahead of EU’s GDP

By @ibtimes on

The euro rose against the dollar for the first time in four days ahead of EU's GDP report expected to show improvement in the regions growth, the euro gained momentum and rose against a basket of currencies. Meanwhile the dollar lost some ground today, to find it self dropping the gains achieved last week.

The euro rose today against the dollar trading around 1.3509 after recording the highest at 1.3526 and the lowest at 1.3478. The pair faces a resistance at 1.3575. The daily momentum indicators give buying signs, while the four hours indicators show the pair in an oversold area.

The pound rose today against the dollar trading around 1.6045 after recording the highest at 1.6060 and the lowest at 1.6022. The pair faces a resistance at 1.6100. The daily momentum indicators show the pair in an oversold area, while the four hours indicators show the pair getting close to an overbought area.

The dollar against the yen fell slightly as the pair trades around the 83.38 level, recording the highest at 83.42 and the lowest at 83.18. The pair faces a support at 83.00. The daily momentum indicators show the pair in an overbought area favoring selling the pair.

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