Today, the greenback witnessed a decline versus its counterpart the European currency, while the pair fell toward five-week low, where the markets are waiting he U.S. housing market remains weak, adding to evidence the world’s largest economy is slowing, reflecting a heavy fluctuation in consumers confidence and financial markets. The euro rose against the dollar during the Asian session, which is trading near of the resistance 1.3130, recording a high of 1.3083 and a low of 1.3040, and now the pair trades around 1.3080. The daily momentum indicators show the pair is within an overbought area, which the four hours momentum indicated that the pair is trading which might push the pair towards the 1.3130 level again. The pound rose versus the dollar, which the pair trading near of the level 1.5700. The pound recorded a high of 1.5684 and a low of 1.5637. The pair now trades around 1.5668. The daily momentum indicators show a conflict between the readings of the daily and four hours, leaving the pair loses the ability to climb to the level of resistance remains 1.5700. The level 85.70 is the focus of trading pair dollar against the yen during the Asian session today. The dollar/yen pair declined, the pair recorded today a low of 85.63 and a high of 85.75 and now it trades around 85.67. The daily and four hours momentum indicators show the pair is in an overbought area, which has a negative effect on the upside movement.

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