Yesterday, markets witnessed majors moving to the upside and closed higher against the dollar. however, markets started today’s trading with limited volume, where the yen gained against its major counterparts, after a report that showed Australia’s trade surplus narrowing more than analysts' expectations.
The euro rose yesterday against the dollar breaking the support 1.2780, and despite today’s decline, the pair remained above the previously mentioned level. The euro/dollar recorded today a high of 1.2813 and a low of 1.2784, and now is trading around 1.2786. According to the four hours and daily momentum indicators, the euro might witness an unstable trading session today.
Yesterday, the pound inclined against the dollar, but today the pair declined versus the dollar, recording a high of 1.5446 and a low of 1.5427, and now it trades around 1.5431. The daily momentum indicators show the pair is trading within and oversold area, while the four hours indicators give selling signs.
Turing to the dollar/yen pair, which retreated today, trying to reach the support 83.80, recording a low of 84.06 and a high of 84.54, and now it trades around 84.14. The daily momentum indicators also show the pair is trading within and oversold area, while the four hours momentum indicators give selling signs.
