So far, the currencies market is witnessing an overall low-trading and majors are narrow trading due to technical movements and as the dollar recovered slightly from yesterday 15-month low on correctional movements and since fears returned to markets after that the U.S stocks dropped within the midday session, corroding accordingly the appeal of the high-yielding currencies.

Moreover, traders are confused regarding the Federal currency; between buying or selling it, knowing that the euro-dollar pair is narrow trading so far and is forecasted to plunge according to the four-hour momentum indicators, having the Union currency trading at 1.4969 recording a high of 1.5019 and a low of 1.4937 with a resistance at 1.5046 and a support at 1.4879.

Whereas the pound-dollar pair is inclining slightly due to correctional movements, having in fact the royal pound so far trading at 1.6729 recording a high of 1.6787 and a low of 1.6600 with a resistance at 1.6773 and a support at 1.6670, knowing that the pair is showing a strong tendency to climb further to the upside according to the four-hour and one-hour stochastic oscillator.

As for the dollar-yen pair, it is narrow trading so far between a strong resistance level witnessed at 90.44 and a support level detected at 89.42, having currently the low-yielding Japanese currency trading around 89.75 recording a high of 90.17 and a low of 89.66.