The euro and the pound started trading this week on a decline against the federal currency extending last week's drop, while the yen still fluctuating around the 90.30 levels. The USDIX that tracks the dollar's strength against a basket of major currencies rose slightly in today's Asian session recording a high of 80.895 and a low of 80.75, while the index is currently trading around 80.85.

The euro dollar pair extended last week's decline recording a low of 1.3503 and a high of 1.3532, having the union currency trading around 1.3505. The pair is heading towards the 1.3475 levels and the daily momentum indicators suggest further declines. However, the pair is having a support at 1.3430 along with a resistance at 1.3635.

Regarding the pound dollar pair, it continued to drop recording a low of 1.4931 and a high of 1.5015, having the royal currency trading around 1.4935. The pair is trading in the oversold area according to momentum indicators on the daily charts, and it is having a support at 1.4860 along with a resistance at 1.5175. Moreover, the British CPI is on queue today that will move the pair on release.

Finally, the dollar yen pair is consolidating between a high of 90.52 and a low of 90.39, while it is currently trading around 90.45. The pair is in an attempt to reach the 91.00 levels from where it may climb to the 91.65 levels, and today it is having a resistance at 91.30, while the support could be found at 90.00, and the stochastic oscillator on the daily scale is supporting the upside.