Although a strong wave of optimism was spread throughout the EU session today as the demand on Spain's bond auction was strong, which eased therefore concerns regarding Europe's unsolved debt crisis and corroded the refuge appeal of the dollar, however the green Benjamin is gaining slight momentum so far as a result of pure correctional movements, which was ignited after the worse than expected data released from the United States, as jobless claims rose above expectations, and manufacturing activity eased in June.

In fact, the euro-dollar pair is now narrow trading due these correctional movements surrounding the currencies market, to have the euro now trading around $1.2351 recording a high of $1.2412 and a low of $1.2240 with a resistance seen at $1.2430 and a support at $1.2165, knowing that the pair shows a strong tendency to start falling according to the four-hour stochastic oscillator.

As for the pound-dollar pair it is consolidating so far due to technical movements to watch the royal pound trading around $1.4797 recording a high of $1.4837 and a low of $1.4644 with a resistance seen at $1.4850 and a support at $1.4635, while that mixed signals are detected within the momentum indicators at different time scales.

Now, turning to the dollar-yen pair, it is narrow trading so far throughout the currencies market between a resistance level that could be seen at 91.80 and a support level witnessed around 89.55, having the pair trading recently around 90.81 recording a high of 91.41 and a low of 90.50.