The Asians session has witnessed an incline for the common currency against the greenback and the Japanese currency, as the Ireland's government has worked to prevent its financial crisis to contagion in the region's larger debt markets, while the European Union to create a capital fund for Ireland's lenders, to help the Ireland's economy. Thereby investors increased their appetite for risk increasing demand on higher yielding currencies.
The euro rose slightly against the dollar during today’s Asian session for the fourth consecutive session, where the pair trades around the level 1.3758, recording a high of 1.3766 and a low of 1.3738, the pair faces a resistance at 1.3811, as the pair inclined. The momentum indicators show the pair in an overbought area, supported the pair to incline.
The British pound returned to incline against the dollar during the Asian session, recording a high of 1.6018 and a low of 1.5994, and now it trades around 1.6007. The momentum indicators show some neutrality, giving a free movement for the pair during today's session.
Moving to the Japanese yen against the greenback pair declined slightly during the Asian session, where it trades around 83.41, recording a low of 83.33 and a high of 83.55. The daily momentum indicators show the pair in an overbought area, while the four hours momentum indicators give selling signs.