The euro and the pound inclined against the dollar in today's Asian session taking the same uptrend started by the beginning of this week. The yen continued to gain against the dollar especially after today's fundamentals showed
The euro dollar pair gained recording a high of 1.4619 and a low of 1.4570, having the union currency trading around 1.4611. The pair breached the 1.4600 yesterday and today it is having a resistance at 1.4655 along with a support at 1.4575. Today the ECB will release its monthly report that may affect the pair trades. If the resistance was breached the pair will target 1.4685 levels, and momentum indicators on the four hours scale are supporting the upside.
Regarding the pound dollar pair, it inclined recording a high of 1.6724 and a low of 1.6642, having the royal currency trading around 1.6715. The pair is having a resistance at 1.6765 along with a support at 1.6650. The pair is trading in an overbought area according to the daily stochastic oscillator, and if the resistance was breached the pair will target 1.6800.
Finally, the dollar continued to decline against the Japanese yen after fundamentals showed