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So far, the major pairs are narrow trading due to technical movements that took place throughout the currencies market after that the US report showed that Initial Jobless Claims plummeted to 512 thousand and the continuing claims dropped to 5749 thousand, whereas the ECB and the BoE decided to keep their interest rates unchanged.
Consequently, the dollar index, which tracks the strength of the green Benjamin in front of a basket of currencies, is narrow trading so far at different time scales to trade at 75.74 recording a high of 75.97 and a low of 75.50.
As a result, the euro-dollar pair is narrow trading due technical movements and is forecasted to plunge according to the one-hour momentum indicators, having the Union currency trading at 1.4864 recording a high of 1.4917 and a low of 1.4809 with a resistance at 1.4893 and a support at 1.4821.
As for the pound-dollar pair, it is consolidated as well as the euro-dollar pair as mixed signs are witnessed throughout the four-hour and one-hour stochastic oscillator, having the royal pound trading at 1.6583 recording a high of 1.6634 and a low of 1.6464 with a resistance at 1.6649 and a support at 1.6471.
Now, turning to the dollar-yen pair, it is narrow trading between a resistance witnessed at 90.91 and a strong support level witnessed at 90.18, having accordingly the low-yielding Japanese yen trading so far around 90.64 recording a high of 90.86 and a low of 89.99.
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