The European currency has started the week with losses, and today it is continuing its decline against its major counterparts, which dropped for a second day versus the yen and the greenback on debt concerns, where European Finance Ministers will fail to curb the euro-zone financial crisis.
The euro declined against the dollar during today's Asian session, where the pair now trades around the 1.3306 level, after recording the highest at 1.3315 and the lowest at 1.3252, where the pair faces a support at 1.3240. The daily momentum indicators show the pair in an overbought area, which limits the chances of an incline.
The pound/dollar pair rose during the Asian session, where the pair now trades around the 1.5936 level, after recording the highest at 1.5937 and the lowest at 1.5894 where the pair faces a resistance at 1.6000. The daily momentum indicators show the pair in an overbought area, while four hours momentum indicators still give buying signs, which pushing the pair's upside movement during today's session.
The yen fell against the dollar and now it trades around the 82.50 levels, recording the lowest at 82.49 and the highest at 82.74. On the other hand, the pair faces a support at 82.30, while the daily and four hours momentum indicators give selling signs.