The dollar continues its upside movement during the Asian session
![]( "The dollar continues its upside movement during the Asian session")
The dollar achieved further gains during the Asian session against major currencies as the week approaches to end. Market’s fears declined on easing concerns over growth in the world’s largest economy, boosting demand for U.S. assets, which supported the dollar to rise. Expectations indicate that the dollar will have a good performance against the currencies in October.
The euro traded above the support 1.2650, recording the highest of 1.2686 and the lowest of 1.2643. The pair now is trading around 1.2649. The daily and the four hour momentum indicators support a downside movement, but the pair might be stopped by the support level 1.2650, which might prevent a continuation to the downside, thereby there is a chance that the pair might be pushed to the upside in a correctional movement.
The pound inclined against the dollar during the Asian session, trading above the support 1.5325, recording today a high of 1.5426 and a low of 1.5390, and now the pair trades around 1.5393. The daily and four hour momentum indicators show the pair is near an oversold area, which prevented the pair from breaking the support 1.5325.
The dollar/yen pair witnessed yet another incline, trying to reach the resistance 84.80, recording a low of 83.90 and a high of 84.01, and now it trades around 84.27. The daily momentum indicators also show the pair is trading within and oversold area, while the four hours momentum indicators give buying signs.