The dollar is reversing its gains versus major currencies, based on technical movements. While the Dollar Index, which tracks the dollar's movements against a basket of major currencies, found a solid support around the key support level of 76.4% Fibonacci level at the recorded low of 74.90; therefore meaning that now it’s the dollars turn to start climbing in markets.

The euro is depreciating versus the federal currency but not based on the weakness of the single currency, but mainly because of correctional movements taking over markets. The pair is being traded at 1.4964, while recording a high of 1.5035 and a low of 1.4943. The momentum indicators on the one-hour chart are showing us that the pair is trading close to an oversold area, while there is a support at 1.4920 and a resistance at 1.4980.

The United Kingdom released its retail sales, which were worse than expectations; meaning that despite the store discounts, Britons were still not lured, as spending remains pared as a result of the fragile job market within the nation. The pound we see is losing strength against the dollar, as the pair is being traded at 1.6529 between the support of 1.6508 and the resistance of 1.6668. The GBP/USD recorded a high of 1.6637 and a low of 1.6486, while the moving average indicator on the one-hour chart are providing us with a downwards direction.

The yen is extending its decline against the dollar, while the pair is being traded at 91.35, while recording a high of 91.57 and a low of 90.76. For the USD/JPY we see there is a support at 91.04 and a resistance at 91.90. The momentum indicator on the one-hour chart are revealing an upwards direction.