The U.S. dollar was mixed against major currencies in today's trading session, where mixed feelings dominated investors throughout today's session, as earlier in Europe, Moody's downgraded Ireland's credit rating, which led investors to invest in European treasuries, while strong earnings from the United States led stock markets to rise throughout today's midday session.
The U.S. dollar accordingly dropped against the Euro, but managed to rise against the Pound and the Yen, where the U.S. dollar index, which tacks the performance of the dollar against six major currencies, declined to trade at 82.54 after opening at 82.66, while recording a high of 82.82 and a low of 82.28.
The Euro-Dollar pair rose on the daily chart, where the pair is now trading at $1.2957, compared with the opening levels at $1.2889, while the pair recorded the highest today at $1.2992 and the lowest at $1.2870. The pair is trading between the support at $1.2910 and a resistance at $1.2985, the pair is still expected to continue its bullish wave to target the $1.3000 level.
The Pound-Dollar pair fell in today's session to trade at $1.5223 after opening at $1.5291, where the pair recorded the highest today at $1.5351 and the lowest at $1.5202. The pair is facing a support level at $1.5170 and a resistance at $1.5245; however, if the pair continues to trade above the pivotal support level at $1.5125, we should expect a bullish direction to prevail over the pair's movement.
The U.S. dollar managed to rise slightly against the Yen today, where the pair is now trading at 86.86, compared with the opening levels at 86.53, while the pair recorded the highest today at 87.22 and the lowest at 86.53. The pair is facing a support level at 86.40 and a resistance at 87.30, and so long as the pair remains below the 88.00, we should expect a downside trend to prevail.