Renewed confidence brought losses to the yen and the dollar

By @ibtimes on

The dollar and the yen fell today against majors as investors fell more confident and increased their appetite for risk since Germany released a better than expected data from the industrial sector while confidence in the US improved, raising believes of a faster global economic recovery.

The euro rose today against the dollar trading around 1.3620 after recording the highest at 1.3635 and the lowest at 1.3571. The pair faces a resistance at 1.3675. The daily and four hours momentum indicators show the pair in an oversold area which may limit the pair's decline.

The pound rose today against the dollar trading around 1.6140 after recording the highest at 1.6106 and the lowest at 1.6152. The pair faces a resistance at 1.6180. The daily momentum indicators give selling signs while the four hours give buying signs.

The dollar fell slightly against the yen as the pair trades around the 82.27 level, recording the highest at 82.36 and the lowest at 82.20. The pair faces a support at 82.00. the daily and four hours momentum indicators show the pair in an overbought area.

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