The U.S. dollar and Japanese yen strengthened today after the
As regards to the euro-dollar pair, it inclined on the daily and 4-hour charts after the dollar had touched its highest in three weeks versus the euro after the news. PPI released today in the euro zone showed improvement, adding to signs the economy is recovering. However, fears of banks losses as indicated by the stress test released today caused the euro to retreat earlier today. Meanwhile, the euro is traded near at 1.4591 recording a high of 1.4600 and low of 1.4478, where the pair is supported by 1.4575 and faces the coming resistance of 1.4595.
Relative to the sterling-dollar pair, it is showing decline on the daily charts but on the 4-hour and 1-hour charts the pair is inclining. PMI construction was released today in the
With regard to the dollar-yen pair, it is showing a downside bias on the daily charts; the same thing is happening on the 4-hour and 1-hour charts. Now, the pair is trading around 88.62 after hitting a high of 89.64 and a low of 88.60; while the pair is currently facing the coming support level at 88.60, while the resistance is spotted at 89.10.