Ahead of the Christmas Holiday tomorrow, we see that there is low volume in markets as investors close their deals; while the Dollar Index, which usually measures strength of the dollar versus six major currencies, declined as it currently trades at 77.57, while recording a high of 77.93 and a low of 77.49. The dollar is declining as a result of speculations that the Feds will continue their stimulus measures to stimulate growth in the U.S. economy.
The euro zone lacked major economic data, while wesee that the euro dollar is rising although at a slower pace, due to the lack of volume in markets. The momentum indicators on the one-hour charts are showing us that the pair is being traded in an overbought area. The EUR/USD is currently traded at 1.4414 between the support of 1.4364 and the resistance of 1.4420, while recording a high of 1.4417 and a low of 1.4327.
The pound versus dollar pair is being traded at 1.5999 between the support of 1.5978 and the resistance of 1.6029, while recording a high of 1.6021 and a low of 1.5952. For the pair the momentum indicators show that the pair is trading sideways on the one-hour charts, while volume indicators is showing us that there is low volume in the markets.
The dollar yen pair are being traded at 91.36 between the support of 91.04 and the resistance of 91.55, while they recorded so far a high of 91.73 and a low of 91.12. The momentum indicators here are providing us with an upside trend on the one-hour charts.