The yen fell for the second day in a row on believes the industrial production in Germany will witness an improvement, increasing investors' confidence and their appetite for risk. The dollar maintained its gains today as the Feds are expected to confirm this week that there is no more need for additional buying of governmental bonds.
The euro fell today against the dollar trading around 1.3879 after recording the highest at 1.3895 and the lowest at 1.3872. The pair faces a support at 1.3830. The daily momentum indicators give selling signs, while the and four hours momentum indicators show the pair in an oversold area.
The pound fell today against the dollar trading around 1.6150 after recording the highest at 1.6164 and the lowest at 1.6144. The pair faces a resistance at 1.6100. The daily and four hours momentum indicators give selling signs.
The dollar against the yen rose today as the pair trades around the 82.88 level, recording the highest at 82.91 and the lowest at 82.79. The pair faces a support at 83.20. The daily and four hours momentum indicators show the pair close to an overbought area.