The euro fell this week against most majors, reaching the lowest in more than a week against the US dollar after Fitch reduced Ireland's credit rating. Investors worrying about a possible spread of the credit crisis to other countries in the region kept them away from the euro this week.
The euro rose slightly against the dollar during today's Asian session, where the pair now trades around 1.3252, recording the highest at 1.3255 and the lowest at 1.3221. The pair faces a resistance at 1.3300, which might weaken the upside movement of the pair. The daily momentum indicators are approaching an oversold area, which helped the pair rise slightly during today.
The pound rose against the dollar during today's Asian session, where the pair now trades around 1.5779, recording the highest at 1.5782 and the lowest at 1.5746. The pair faces a resistance at 1.5800, while momentum indicators show the pair in an overbought area.
The yen fell sharply against the dollar where the pair now trades around 83.64, recording the highest at 83.85 and the lowest at 83.64. The daily momentum indicators are approaching an overbought area, while the four hours indicators are giving neutral signs.