The U.S. dollar plunged for the third day on Tuesday against a basket of major currencies, as indicated by the dollar index; after
The euro-dollar pair inclined on the daily and 4-hour charts. The Euro Zone lacked fundamentals today, so movements are so far for technical reasons. The pair is now overbought on the 4-hour charts, according to the Stochastic Oscillator; therefore a downside correction is expected to take place. The European Single Currency is currently traded at 1.4740 recording a high of 1.4749 and low of 1.4644, where the pair is supported by 1.4720 and faces the coming resistance of 1.4750 then 1.4765.
The sterling-dollar pair is showing a decline on the 4-charts and 1-hour charts, but it is still showing incline on the daily charts. The week
The dollar-yen pair is showing a downside bias on the daily charts. However, on the 4-hour and 1-hour charts, the pair is showing slight incline. The Stochastic Oscillator is giving a bearish signal on the 4-hour charts, thus we might see an incline. Now, the pair is trading around 89.06, after hitting a high of 89.64 and a low of 89.83; while the pair is currently facing the coming support level at 88.95, while the resistance is spotted at 89.35.