So far, rough correctional movements are taking place so far throughout the currencies market to have major pairs consolidated after that the dollar plunged to a 15-month low against the currencies of major trading partners as a result of the incline of overall stocks on a worldwide scale and since the Federal Reserve declared that it is far away from raising interest rates this coming period.

As a result of the current technical movements, the euro-dollar pair is narrow trading so far and is forecasted to plunge according to the four-hour momentum indicators, having the euro trading at 1.4963 recording a high of 1.5048 and a low of 1.4951 with a resistance at 1.5015 and a support at 1.4902.

Moreover, the pound-dollar pair is consolidating and shows a tendency to rise to the upside according to one-hour and four-hour stochastic oscillator, having the royal pound trading at 1.6547 recording a high of 1.6796 and a low of 1.6532 with a resistance at 1.6663 and a support at 1.6425.

Now, turning to the dollar-yen pair, it is slightly declining on the four-hour and one hour charts as a result of technical movements, having the low-yielding Japanese currency trading so far around 89.83 recording a high of 90.02 and a low of 89.27 with a resistance 90.44 and a support at 89.42.