Today, the common currency has returned to rise to end its downside movement which started since the week's trading, as the Chinese economy has announced that it will help the European Union with its financial crisis. In the case of the veracity of these statements, the euro will witness see a great support to rise with the beginning of the year.
The euro rose during today's Asian session and now it trades around 1.3167, recording a high of 1.3192 and a low of 1.3115. The pair now faces a resistance at 1.3230, where the daily momentum indicators show the pair in an oversold area, while the four hours indicators supporting the pair's incline.
The pound rose against the dollar, trading around 1.5541, after recording a high of 1.5552 and a low of 1.5503. The pair now faces a resistance at 1.5580 then at 1.5650. The daily and four hours momentum indicators support the pair's incline since it reached an oversold area.
The dollar/yen pair fell today trading around the level 83.63, recording a high of 83.55 and a low of 83.78. The pair faces a support at 83.55; meanwhile momentum indicators show the pair in an overbought area, which favors the downside movement.