By TraderVox.com
Euro is rising against the US dollar today on the renewed hopes of PSI deal involving Greece. The positive industrial production data from Germany also boosted the sentiment and propped the single currency above 1.3200 levels. It is currently trading around 1.3240, up about 0.70% for the day. The resistance may be seen at 1.3260 and above at 1.3310 levels. The support may be seen at 1.3200 and below at 1.3160 levels. It is an important day as ECB is going to announce the interest rates. It remains to be unchanged at 1%.
The sterling pound also fared well against the US dollar as it took out the 1.5800 levels on the back of improved sentiments in the markets. It is presently quoted at 1.5806, up about 0.40%. The resistance may be seen at 1.5900 and above at 1.5970 levels. The support may be seen at 1.5760 and below at 1.5710 levels. Bank of England kept the interest rate unchanged at 0.5% as expected widely.
Asset purchase facility is also unchanged at 325 billion pounds. The reaction for these events is limited so far.
The USD/CHF pair has come below 0.9100 levels and it printed a low of 0.9098. It is trading around 0.9100 levels down about 0.70% for the day. The support may be seen at 0.9060 and below at 0.9010 levels. The support may be seen at 0.9160 and above at 0.9200.
The USD/JPY is trading around 81.66 up about 0.75% for the day. The resistance may be seen at 82.20 and above at 82.60. The support may be seen at 81.27 and below at 80.
Australian dollar is also edging higher against the US dollar as it is trading comfortably above 1.0600 levels. It is trading around 1.0655, up about 0.70%. The resistance may be seen at 1.0700 while the support may be seen at 1.0600 levels.
The US dollar index is trading around 79.29.
Article provided TraderVox.com
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