So far strong correctional movements are taking place throughout the currencies market after that the low-yielding assets appeal; the dollar and the yen, was boosted as a refuge since fears were spread after that the EU stocks plunged within their midday and closing session along with a plummeting of the US stocks in their midday session.
In fact, the dollar index, which tracks the strength of the green Benjamin in front of basket of currencies, is inclining within the daily chart but dropped slightly in the four-hour to trade at 75.30 recording a high of 75.54 and a low of 75.04.
As a result, the euro-dollar pair is narrow trading on technical movements to have the euro trade at 1.4910 recording a high of 1.4965 and a low of 1.4841 with a resistance at 1.4939 and a support at 1.4875, having in mind that the pair may rise to the upside according to the four-hour stochastic oscillator.
Still, the pound-dollar pair is declining slightly on the four-hour chart and is forecasted to fall on the one-hour momentum indicators, having the royal pound so far trading at 1.6636 recording a high of 1.6751 and a low of 1.6604 with a resistance at 1.6685 and a support at 1.6584.
Now, turning to the dollar-yen pair, it is narrow trading presently around a strong resistance level witnessed at 89.74 and a support level detected at 88.24, having so far the low-yielding Japanese currency trading at 88.90 recording a high of 89.43 and a low of 88.62.