The dollar continued to gain against majors after reaching the lowest level against the euro in a year yesterday. The euro and the pound dropped against the green currency in today's Asian session, while the USDIX inclined recording a high of 76.44 and a low of 76.18.
The euro dollar pair declined slightly recording a low of 1.4694 and a high of 1.64737, having the union currency trading around 1.4720. The pair fell for the first time in this week as the dollar was backed by optimistic fundamentals from the housing and job sectors. Today the pair is having a support at 1.4680 along with a resistance at 1.4765. If the pair breached the support we may see it trading near the 1.4620 levels from where it may fall to 1.4575 levels. The euro zone's current account will be released today affecting the pair's trades, and the pair is trading in an overbought area according to momentum indicators on the daily charts.
Regarding the pound dollar pair, it dropped recording a low of 1.6357 and a high of 1.6437, having the royal pound trading around 1.6385. The pair is having a support at 1.6350 along with a resistance at 1.6445. If the pair breached the support it will target 1.6300 from where it could get back to 1.6265 levels. However, the four hours stochastic oscillator is supporting the downside.
Finally, the dollar yen pair is consolidating between 91.45 and 91.05 recording a high of 91.42 and a low of 91.11. The pair is having a support at 91.00 along with a resistance at 91.50. If the pair managed to break the resistance it will target 91.85. So far, the daily stochastic oscillator is supporting the upside.