Euro Falls Against The Dollar With The Beginning Of The Week
By ecPulse
posted 16:34 04/11/11
| Forex News
 
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The euro fell against the dollar and other major currencies with the beginning of the week, in a correctional movement after the European currency rose to its highest level against the dollar in 15 months. The Japanese yen advanced against the dollar after the slowdown in machine orders index in Japan.

The euro started today's session with a decline against the dollar, as the pair trades around 1.4455 after recording the highest at 1.4481 and the lowest at 1.4440. The pair faces a support at 1.4400. The daily momentum indicators show the pair in an overbought area.

The pound traded lower against the greenback, trading around 1.6353 after recording the highest at 1.6390 and the lowest at 1.6346. The pair faces a support at 1.6300. The daily momentum indicators show the pair in an overbought area.

The dollar/yen pair inclined during the Asian session, as the pair trades around the 84.76 level, recording the highest at 85.12 and the lowest at 84.62. The pair faces a support at 84.50. The daily momentum indicators show the pair in an overbought area.

 
 
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