Major currencies fell slightly in today's Asian session ahead of fundamentals concerning inflation in U.K and after the euro and the pound slightly gained in yesterday's trades. The USDIX that tracks the dollar movements versus a basket of major currencies recorded a high of 80.66 and a low of 80.52, while it is currently trading around 80.65.
The euro dollar pair is trading between 1.3575 levels and 1.3525 levels recording a high of 1.3566 and a low of 1.3539, having the union currency trading around 1.3545. The pair is currently trading in the oversold area that makes us expect the pair to gain today to the 1.3600 area, before falling again to the 1.3400 levels. However, the pair is having a support at 1.3430 along with a resistance at 1.3570.
The pound dollar pair recorded a low of 1.5068 and a high of 1.5106, having the royal currency trading around 1.5065. The pair is having a support at 1.4975 along with a resistance at 1.5130, and the daily stochastic oscillator is supporting the downside. The British CPI is on queue today that will move the pair on release.
Finally, the dollar yen pair is trading between the high of 90.36 and a low of 90.23, while the pair is currently trading around 90.30. Today's support could be found at 89.80, while the resistance could be found at 90.90, and the four hour stochastic oscillator is supporting the upside. The U.S existing home sales will be released today that may move the market.