The American dollar and Japanese yen dropped against major currencies, before a report that will show the improvements in factory output along with the expectations that noted European consumer confidence increased, pushing investors to prefer buy high yielding assets.
The euro inclined today against the dollar, and now the pair trades around 1.3522, recording a high of 1.3538 and a low of 1.3490. The pair faces a resistance at 1.3575. The daily momentum indicators give buying signs, while the four hours indicators show the pair in an oversold area.
The pound/dollar pair jumped during today's Asian session, and now the pair trades around 1.6145 level, after recording the highest at 1.6163 and the lowest at 1.6122. The pair faces a resistance at 1.6185. The daily momentum indicators show the pair in an oversold area, while the four hours indicators show the pair getting close to an overbought area.
The dollar against the yen rose during the Asian session, while the pair trades around the 83.47 level, recording the highest at 83.78 and the lowest at 83.67. The pair faces a support at 83.00. The daily momentum indicators show the pair in an overbought area favoring selling the pair.