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For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.1921.

In economic news, the Euro-zone's final Markit services PMI fell more than initially estimated to a level of 54.7 in August, while the preliminary figures had indicated a drop to a level of 54.9. The PMI had registered a level of 55.4 in the previous month. Moreover, the region's seasonally adjusted retail sales retreated 0.3% on a monthly basis in July, meeting market expectations. In the previous month, retail sales had registered a revised rise of 0.6%.

Separately, growth in Germany's services sector expanded more than initially estimated to a level of 53.5 in August, hitting a two-month high level. The PMI had recorded a reading of 53.1 in the previous month, while the flash print had recorded a rise to a level of 53.4.

The greenback lost ground against a basket of currencies, after a top Federal Reserve (Fed) official expressed caution about further interest rate hikes.

The US Fed Governor, Lael Brainard, urged for caution on raising interest rates further, until there is concrete evidence that inflation is on track to achieve the central bank's target.

Losses in the US Dollar were extended, following downbeat economic data in the US.

Data revealed that the final durable goods orders dropped 6.8% MoM in July, in line with the preliminary print. Market participants had expected for a fall of 2.9%, after registering a gain of 6.4% in the prior month. Further, the nation's factory orders tumbled by the most in nearly three years, after it dropped 3.3% on a monthly basis in July, meeting market consensus. Factory orders had recorded a revised rise of 3.2% in the prior month.

In the Asian session, at GMT0300, the pair is trading at 1.1912, with the EUR trading 0.08% lower against the USD from yesterday's close.

The pair is expected to find support at 1.1873, and a fall through could take it to the next support level of 1.1834. The pair is expected to find its first resistance at 1.1946, and a rise through could take it to the next resistance level of 1.1980.

Going ahead, investors will focus on Germany's Markit construction PMI for August and factory orders data for July, both slated to release in a few hours. Moreover, the US ISM non-manufacturing PMI for August and trade balance data for July, due to release later in the day, will attract a lot of market attention.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the GBP rose 0.88% against the USD and closed at 1.3041, as investors brushed-off disappointing UK services sector report.

Data indicated that Britain's Markit services PMI declined more-than-expected to a level of 53.2 in August, dipping to an eleven-month low level and suggesting that the nation's services sector, which initially withstood the shock of the Brexit vote, is losing momentum. Markets were anticipating the PMI to fall to a level of 53.5, compared to a reading of 53.8 in the previous month.

In the Asian session, at GMT0300, the pair is trading at 1.3036, with the GBP trading a tad lower against the USD from yesterday's close.

The pair is expected to find support at 1.2949, and a fall through could take it to the next support level of 1.2861. The pair is expected to find its first resistance at 1.3084, and a rise through could take it to the next resistance level of 1.3131.

In absence of any macroeconomic releases in the UK today, investor sentiment will be governed by global macroeconomic news.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD declined 0.98% against the JPY and closed at 108.62.

In the Asian session, at GMT0300, the pair is trading at 108.71, with the USD trading 0.08% higher against the JPY from yesterday’s close.

The pair is expected to find support at 108.29, and a fall through could take it to the next support level of 107.87. The pair is expected to find its first resistance at 109.34, and a rise through could take it to the next resistance level of 109.97.

Moving ahead, market participants will look forward to Japan’s flash leading and coincident indices for July, due to release tomorrow.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD declined 0.46% against the CHF and closed at 0.9539.

Macroeconomic data indicated that Switzerland's seasonally adjusted gross domestic product (GDP) rose less-than-expected by 0.3% on a quarterly basis in the second quarter of 2017, compared to a revised rise of 0.1% in the prior quarter, while markets were anticipating GDP to rise 0.5%. Moreover, the nation's consumer price index (CPI) remained flat on a monthly basis in August, meeting market expectations and compared to a drop of 0.3% in the prior month.

In the Asian session, at GMT0300, the pair is trading at 0.9549, with the USD trading 0.1% higher against the CHF from yesterday's close.

The pair is expected to find support at 0.9517, and a fall through could take it to the next support level of 0.9486. The pair is expected to find its first resistance at 0.9597, and a rise through could take it to the next resistance level of 0.9646.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD and closed at 1.2367.

In the Asian session, at GMT0300, the pair is trading at 1.2383, with the USD trading 0.13% higher against the CAD from yesterday's close.

The pair is expected to find support at 1.2343, and a fall through could take it to the next support level of 1.2302. The pair is expected to find its first resistance at 1.2417, and a rise through could take it to the next resistance level of 1.2450.

Ahead in the day, market participants will keep a close watch on Bank of Canada's interest rate decision, scheduled later in the day..

The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.

Daily Pivots: (S1) 1.1873; (P) 1.1906 (R1) 1.1946; More...

Intraday bias in EUR/USD remains neutral as it's still bounded in consolidation below 1.2069. Below 1.1822 will bring deeper fall. But after all, there is no clear sign of trend reversal yet. Outlook will remain bullish as long as 1.1661 holds. Break of 1.2069 will extend larger rise from 1.0339 to next key fibonacci level at 1.2516. Nonetheless, break of 1.1661 will bring much lengthier consolidation first.

In the bigger picture, an important bottom was formed at 1.0339 on bullish convergence condition in weekly MACD. Sustained trading above 55 month EMA (now at 1.1774) will pave the way to key fibonacci level at 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516. While rise from 1.0339 is strong, there is no confirmation that it's developing into a long term up trend yet. Hence, we'll be cautious on strong resistance from 1.2516 to limit upside. For now, medium term outlook will remain bullish as long as 1.1295 support holds, in case of pull back.

Daily Pivots: (S1) 1.2945; (P) 1.2993; (R1) 1.3079; More...

The break of 1.3030 minor resistance argues that pull back from 1.3267 has completed at 1.2773 already. Intraday bias is turned back to the upside for 1.3267 resistance. Break will target 1.3444 key resistance level next. Price actions from 1.1946 are still seen as a corrective pattern. Hence, we'd expect strong resistance from 1.3444 to limit upside to bring larger down trend reversal eventually. On the downside, below 1.2908 minor support will turn bias back to the downside for 1.2773.

In the bigger picture, overall, price actions from 1.1946 medium term low are seen as a corrective pattern. While further rise cannot be ruled out, larger outlook remains bearish as long as 1.3444 key resistance holds. Down trend from 1.7190 (2014 high) is expected to resume later after the correction completes. And break of 1.2588 will indicate that such down trend is resuming.

Daily Pivots: (S1) 0.9520; (P) 0.9566; (R1) 0.9599; More....

Intraday bias in USD/CHF remains neutral for the moment. On the downside, break of 0.9537 minor support will turn bias back to the downside for retesting 0.9427 first. Break of 0.9427 will resume whole decline from 1.3042. Meanwhile, considering it's close to to 0.9443 key support, consolidation from 0.9427 might extend further. But still, break of 0.9772 resistance is needed to confirm near term reversal. Otherwise, outlook stays bearish for another decline.

In the bigger picture, current development suggests that 0.9443 key support (2016 low) could be taken out firmly as down trend form 1.0342 extends. There are various interpretation of the price actions. But in any case, medium term outlook will stay bearish as long as 0.9772 resistance holds. Current down trend could extend to 38.2% retracement of 0.7065 (2011 low) to 1.0342 (2016 high) at 0.9090. However, break of 0.9772 will indicate that USD/CHF has successfully defended 0.9443 again and turn outlook bullish for 1.0099 resistance.

Daily Pivots: (S1) 108.34; (P) 109.09; (R1) 109.54; More...

No change in USD/JPY's outlook. Intraday bias remains on the downside for 108.12/26 support zone. Decisive break there will resume the whole corrective decline from 118.65. Next target will be 61.8% retracement of 98.97 to 118.65 at 106.48. In any case, outlook will remain cautiously bearish as long as 110.94 resistance holds.

In the bigger picture, the corrective structure of the fall from 118.65 suggests that rise from 98.97 is not completed yet. Break of 118.65 will target a test on 125.85 high. At this point, it's uncertain whether rise from 98.97 is resuming the long term up trend from 75.56, or it's a leg in the consolidation from 125.85. Hence, we'll be cautious on topping as it approaches 125.85. If fall from 118.65 extends lower, downside should be contained by 61.8% retracement of 98.97 to 118.65 at 106.48 and bring rebound.

Daily Pivots: (S1) 0.7949; (P) 0.7989; (R1) 0.8035; More...

Intraday bias in AUD/USD remains neutral as it's staying in consolidation from 0.8065. In case of another fall, downside should be contained by 0.7785 cluster support (38.2% retracement of 0.7328 to 0.8065 at 0.7783) to bring rebound. On the upside, break of 0.8065 will resume the medium term rise and target 100% projection of 0.6826 to 0.7833 from 0.7328 at 0.8335.

In the bigger picture, rise from 0.6826 medium term bottom is still in progress. At this point, there is no confirmation of trend reversal yet and we'll continue to treat such rebound as a corrective pattern. But in any case, break of 55 month EMA (now at 0.8087) will target 38.2% retracement of 1.1079 to 0.6826 at 0.8451. Break of 0.7328 support is needed to confirm completion of the rebound. Otherwise, further rise is now in favor.