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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXStreet (San Francisco) - Choppy session in the currency market as the US dollar traded up and down against its major competitors. The EUR/USD's upside seems limited at least for now while the GBP/USD held the uptrend support line.

Stocks market rallied as investors' confidence was fueled by Ukraine’s developments, G20 message and short coverings. Gold jumped to test the 1,340 area in its third day of gains while the US oil rocketed to 103.40, highest since October 10.

The EUR/USD rejected hard the 1.3770 area and it was launched down to 1.3705 overnight, however the US dollar managed to recover ground in the US session with the pair closing around 1.3735. The GBP/USD posted its first daily advance in a week with the cable holding the uptrend support line that comes from August 2 and November 12.

The USD/JPY remains to trade in the previous days’ range around 102.00. The pair is capped by the 102.70 as it closed at 102.50.

Main headlines in the American session:

Italy’s Renzi to set out his plan for Government

US: Chicago Fed NA index (Jan) fell to -0.39

US: Markit Services PMI (Feb) fell to 52.7

S&P 500 rises above all-time closing high

Dallas Fed manufacturing index dips

Wall Street closes with solid gains; S&P 500 touched record high
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