The greenback recorded a second incline versus its all major currencies during the 2nd straight trading session, after the Asian stock markets dropped, affected by the events in the Middle East that are stinging risk trades, surging oil prices, pushing investors' demand for safe assets to increase.
The euro/dollar pair started today's trading session with a decline, where now the pair trades around 1.3757, after recording a high of 1.3780, and a low of 1.3742. The pair faces a support at 1.3713. The daily and four hours momentum indicators show the pair in an overbought area, supporting the pair to decline during the session.
The pound declined against the greenback during the Asian session, and now the pair trades around 1.6231 after recording the highest at 1.6262 and the lowest at 1.6222. The pair faces a support at 1.6190. The daily and four hours momentum indicators show the pair near of an oversold area.
The dollar/yen pair traded in a narrow range during the Asian session, and now the pair trades around the 81.90 level, recording a high of 81.95 and a low of 81.82. The pair faces a support at 81.70. The daily four hours momentum indicators show the pair in an oversold area which may favor the pair's incline.