The green currency plunged today on signs of global recovery, which dampened demand on the dollar as a refuge. JPMorgan Chase & Co. announced its earnings today, which came better than analyst's forecasts. In addition,
The euro-dollar traded with an upside bias seen over daily and 4-hour charts. The pair is continuing its upside trend heading to an overbought area, after the euro has risen to 14-month high against the dollar. The euro area released industrial production for August today, showing an incline for the fourth consecutive month. Meanwhile, the euro is traded at 1.4909 recording a high of 1.4920 and low of 1.4836, where the pair is supported by 1.4913 then 1.4965 and faces the coming resistance of 1.4880.
The sterling-dollar pair showed anincline on the daily charts. However, the pair is moving south over the 4-hour and 1-hour charts. ILO unemployment was released today in the
The dollar-yen pair showed adownside tendency over daily and 4-hour basis, reflecting weakness in the dollar. Now, the pair is trading around 89.27, after hitting a high of 89.89 and a low of 88.82; while the pair is currently facing the coming support level at 89.15, while the resistance is spotted at 89.42.