Forex Updates- The Market Traded Mixed During the Asian Session

Overall, the market traded diverse during the Asian session, regaining a breath after a very strong trading day felled on Monday. According to Forex updates it seems that US futures led the USD index higher, as it has been the case over the last session of trading. Ahead, the European calendar is filled with vital release, something that will maybe influence the currency market.

The Euro (EUR/USD) turned down another 120 pips on Monday, almost being the fifth repeated day the Euro was sold off. Most of the declines came in the overnight session, when the US futures inclined the currency market. In the US and the Asian sessions, the Euro traded in a 40 pips range, over the 1.2900 support level.

The Pound (GBP/USD) turned down very sharply in the overnight session, practically being the most awful day. However, the pair traded downright in the US session, in a very fixed range. In the Asian session, the pound extensively the turns down, fell down another 60 pips, below the 100-day simple moving average. Also, the Pound broke on Monday below a significant trend-line that linked the 03.11 and 03.30 lows.