The American dollar surged today versus its major counterpart the European currency for the first time in four days, following by market's expectations that indicated the world's largest economy on the track of recovery and it is gaining traction, pushing investors to prefer buying dollar.
The union currency against the American dollar pair declined during today's trading session, and now the pair trades around 1.3105, recording a high of 1.3135 and a low of 1.3099. On the other hand, the daily momentum indicators give buying signs, while the four hours momentum indicators show the pair in an overbought area.
The pound/dollar pair rose during the Asian session, and now the pair trades around 1.5747, recording the highest at 1.5755 and the lowest at 1.5741, where the pound faces a resistance at 1.5770. The daily and four hours momentum indicators show the pair in an overbought area, which may limit the pair's upside movement.
The dollar/yen pair dropped during today's session, and now the pair trades around 83.16 levels, recording a low of 83.07 and the highest at 83.35. The daily show the pair in a natural trend, while the four hours give show the pair in an oversold area.