The U.S. dollar came off from its early lows against the other major currencies in early European deals on Monday.
The greenback is trading at 107.41 against the yen and 0.9549 against the franc, off early 4-week low of 107.05 and a 4-day low of 0.9519,respectively.
The greenback recovered from its early lows of 1.2697 against the euro and 1.6125 against the pound and edged up to 1.2651 and 1.6079,respectively.
The greenback is likely to challenge resistance around 1.26 against the euro, 0.975 against the franc, 1.60 against the pound and 108.00 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com