The euro and the pound continued to decline against the American dollar in today's Asian session, while the yen gained. The USDIX that tracks the dollar strength against a basket of major currencies inclined to record a high of 84.57 and a low of 84.13, while the index is currently trading around 84.45.
The euro dollar pair is consolidating between 1.2815 levels and 1.2700 levels recording a high of 1.2802 and a low of 1.2705, while the pair is currently trading around 1.2728. The pair dropped to the 1.2725 levels last week where it found a strong support to start inclining again to the 1.2815, but the pair still trading in the oversold area according to the four hour momentum indicators. However, today's trading range may be between 1.3025 levels and 1.2680.
Regarding the pound dollar pair, it fell slightly recording a low of 1.4774 and a high of 1.4872, having the royal currency trading around 1.4820. The pair is having a support 1.4755 along with a resistance at 1.4950, and the pair may show further declines according to the stochastic oscillator on the four hours scale. Moreover, the British industrial production is on queue today that may affect the pair.
Finally, the dollar yen pair declined in the Asian session recording a low of 92.58 and a high of 93.25, having the pair currently trading around 92.61. The pair may find a support could be found at 92.00, while the resistance could be found at 94.00, and the four hour momentum indicators are supporting the downside.