The euro and the pound fell slightly against the U.S dollar in today's Asian session, while the yen is consolidating despite a report today showed economic growth in Japan accelerated to 1.1% more than forecasts. The USDIX that tracks the dollar's strength against a basket of currencies, inclined to record a high of 80.50 and a low of 80.26, while it is currently trading around 80.50 levels.
The euro dollar pair recorded a low of 1.3577 and a high of 1.3630, having the union currency trading around 1.3585. Last week the pair fell to the 1.3530 levels and this week we are expecting more declines, especially with the weekly and daily momentum indicators supporting the downside. The pair is having a support at 1.3410 along with a support at 1.3635, and no major fundamentals are on queue from the U.S of Europe that makes us expected technical moves.
Regarding the pound dollar pair, it recorded a low of 1.5637 and a high of 1.5680, having the royal currency trading around 1.5645. The pair is having a support at 1.5555 along with a resistance at 1.5690, and the stochastic oscillator on the daily and four hour charts is indicating the pair is heading towards the overbought area.
Finally, the dollar yen pair it is consolidating between 90.30 levels and 90.00 levels, recording a high of 90.22 and a low of 90.01. The pair is currently trading around 90.15, and it is having a resistance at 90.90 along with a support at 88.50. Yet, consolidation is expected to dominate the pair's moves today due to the absence of fundamentals.