The Euro continues its attempts to incline while trading volume is limited

The euro continued to incline versus its major counterpart the dollar during the Asian session, with a limited trading due to the US Labor Day holiday, which prevents the pair to break resistance levels. The growth data for the German economy (the largest economy in Europe) will be released this week and the expectations are optimistic. The euro is trying to keep its gains achieved against the greenback last week, which increases the demand for the European currency. 

The euro rose against the dollar to reach the resistance 1.2900. The pair recorded today a high of 1.2899 and a low of 1.287, and now is trading around 1.2894. According to the four hours and daily momentum indicators, the euro might witness a slight decline, following the incline seen last week, and with a limited trading and the strength of 1.2900 resistance, the euro might be pushed downwards. 

The pound inclined against the dollar, recording a high of 1.5478 and a low of 1.5432, and now it trades around 1.5474. According to the four hours and daily momentum indicators, the pound might witness an unstable trading session today, which pushes the pair to the downside. 

Today, the dollar/yen pair is trading in narrow range, below the resistance 84.50, recording a low of 84.30 and a high of 84.48, and now it trades around 84.34. The daily and the four hours momentum indicators show the pair is trading within and oversold area. In case the pair breaks the 84.80 level, it will stop its upside movement.