The euro fell to its lowest in a week against the dollar on renewed fears over the European Banks problems, which determined investors to avoid the euro, while the dollar maintained some of its momentum gained following the better than expected US jobs report on Friday.
The euro fell against the dollar reaching the support 1.2780, recording the highest of 1.2818 and the lowest of 1.2780. The pair now is trading now around 1.2898. The hourly momentum indicators support a decline towards the level mentioned above, which might prevent the pair from going further to the downside. The euro’s next target is at 1.2651.
The pound also fell against the dollar but it couldn’t break the support level 1.5320, recording the highest of 1.5386 and the lowest of 1.5351. The pair now is trading now around 1.5367. The daily and four hours momentum indicators show the pair is near an oversold area, which prevented the pair from breaking the support level mentioned above.
The dollar against the yen moved today to the downside trying to reach the support level found at 83.60, recording the lowest of 83.85 and the highest of 84.24, and now it trades around 83.88. The daily and four hours momentum indicators show the pair is within an overbought area, however the downside movement remains intact and it might continue until the support level mentioned above.