Losses for the dollar against majors

By @ibtimes on

The dollar continues to loose ground against the majors, reaching the lowest in two months against the euro, as the Feds are scheduled to start today their monetary policy meeting later today. Markets believe that growth levels in the US are not strong enough to sustain a change in the feds policy.

The euro rose against the dollar today trading around the 1.3645 level, recording the highest at 1.3683 and the lowest at 1.3626. The pair now faces a resistance at 1.3715, while the daily and four hours momentum indicators show the pair in an overbought area.

The pound rose against the dollar today trading around the 1.5990 level, recording the highest at 1.6015 and the lowest at 1.5964. The pair now faces a support at 1.6040, while the daily and four hours momentum indicators show the pair in an overbought area.

The dollar/yen pair fell today trading around the 82.41 level, recording the highest at 82.63 and the lowest at 82.33. The pair faces a support at 82.30, while the daily momentum indicators show neutrality while the four hours indicators give buying signs.

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