Today's trading session witnessed another rise for the US dollar against its counterparts, and it trades near the highest level in two weeks versus the Japanese yen, where the dollar broken the 1.3000 level after the ADP employment change unexpectedly rose during December, pushing the dollar to incline. On the other hand, the European currencies declined, as the anticipations indicating that the European financial crisis to expand which has a negative impact on major economies.
The euro/dollar tried to rise with the beginning of trading session then dropped, and now the pair trades around 1.2990, recording a high of 1.3015 and a high of 1.2978, while the euro faces a resistance 1.3000 then 1.3080. On the other hand, the daily and four hours momentum show the pair in an oversold area, which may reduce the pair's downside movement.
The pound declined against the dollar during today's session, while the pair trades around 1.5450, trading near of yesterday's closing, recording the lowest at 1.5434 and the highest at 1.5472, where the pound faces a support at 1.5430. The daily and four hours momentum show the pair in an oversold area, which may reduce the pair's downside movement.
The dollar/yen pair rose sharply during today's trading session, and now the pair trades around 83.32 level, recording the highest at 83.35 and the lowest at 83.23. On the other hand, the pair faces a resistance at 83.80. The daily and four hours momentum indicators show the pair in an overbought area.