Yesterday, Markets witnessed that majors kept their upside trend movement, and closed higher against the dollar. On the other hand, markets started today with a limited volume trading, where the yen gain against its major counterparts, after a report showed Australia's trade surplus narrowed more than analysts' expectations.
The euro rose against the dollar during the Asian session, which broken the support 1.2780. Today, the euro/dollar pair declined, while it's trading above 1.2780 at the moment of preparation of the report. The euro/dollar recorded today a high of 1.2813 and a low of 1.2784, and now is trading around 1.2786. According to the four hours and daily momentum indicators indicates that there is an unstable trading today.
Yesterday, the pound inclined against the dollar during the Asian session, and today the pair declined versus the dollar, recording a high of 1.5446 and a low of 1.5427, and now it trades around 1.5431. The daily momentum indicators show the pair is trading within and oversold area, while the four hours momentum indicators signs to sell.
Turing to the dollar/yen pair, which retreated today, trying to reach the support 83.80, recording a low of 84.06 and a high of 84.54, and now it trades around 84.14. Also the daily momentum indicators show the pair is trading within and oversold area, while the four hours momentum indicators signs to sell.