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, U.S. retail sales for September released today showed improvement. The ongoing improvement put downside pressure on the dollar, dragging it to 14-month low. The dollar index is currently at 75.50, down from the opening at 75.80.

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 U.K. showing resemblance with the previous reading. So far, the pound is trading at 1.5966, setting a high of 1.6023 and a low of 1.5900; while the coming support for the pair is seen at 1.5953 and the resistance is spotted at 1.5977.

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.