The dollar is mixed in markets versus major currencies, after the Group of Seven (G7)finance ministers met this weekend, as they did not come up with plans that will ease the decline of the federal currency in markets. The lower dollar against the euro is making exports for the euro zone more expensive, thus weighing on economic growth.

The euro is currently seen strong against the federal currency, while the euro zone today released its PMI services showing that it surpassed both the prior and expected readings; thus, hinting that third quarter economic growth will be better than the previous quarters. Investors gained slight optimism towards buying the euro, as it currently trades at 1.4601 between the support of 1.4567 and the resistance of 1.4620, while recording a high of 1.4654 and a low of 1.4579.

The pound is seen depreciating despite the United Kingdom releasing its economic data concerning the service sector, which represents three-fourths of GDP showing that the expansion continued; yet, the currency is falling as a result of technical movements. The GBP/USD is being traded at 1.5909, while recording a high of 1.6022 and a low of 1.5904. For the pair, we are seeing a support at 1.5864 and a resistance at 1.5984, while the Williams R % on the one-hour chart is showing us that the pair is trading in an oversold area.

The dollar yen pair is trading in narrow ranges between the support of 89.70 and the resistance of 90.10 at 89.76, while recording a high of 89.97 and a low of 89.47. The momentum indicators are providing us with a downwards trend using the one-hour charts.