The euro fell against the dollar to the lowest in two weeks and against the yen as well, on fears over the European credit crisis that persists (which is lowering the debts credit ratings in the region), in addition to the consequences of pumping liquidity into the markets.
The euro fell during today's Asian session and now it trades around 1.3116, recording a high of 1.3180 and a low of 1.3124. The pair now faces a support at 1.3080, where the daily and four hours momentum indicators show the pair in an oversold area.
The pound rose against the dollar, trading around 1.5535, after recording a high of 1.5537 and a low of 1.5475. The pair now faces a resistance at 1.5580 then at 1.5650. The daily and four hours momentum indicators support the pair's incline since it reached an oversold area.
The dollar/yen pair fell today trading around the level 83.86, recording a high of 84.11 and a low of 83.81. The pair faces a support at 83.50; meanwhile momentum indicators show the pair in an overbought area, which favors the downside movement.