The euro started this week consolidating against the green currency, while the pound gained and the yen declined. The USDIX inclined recording a high of 76.58 and a low of 76.27.
The euro dollar pair is consolidating between 1.4730 and 1.4670 recording a high of 1.4723 and a low of 1.4676, having the 16 nation's currency trading around 1.4720. The pair is having a resistance at 1.4760 along with a support at 1.4675. In case the pair breached the support, we may see it trading near the 1.4615 levels, having in mind that the daily stochastic oscillator is supporting the downside.
Regarding the pound dollar pair, it gained slightly recording a high of 1.5881 and a low of 1.5809, having the royal currency trading around 1.5860. The pair is having a resistance at 1.5920 along with a support at 1.5815. If the pair broke the resistance it will target 1.5970 levels from where it may climb further to the 1.6050 levels. However, the pair is trading in an oversold area according to momentum indicators on the four hours scale.
Finally, the dollar gained against the Japanese yen today recording a high of 90.22 and a low of 89.85. The pair is having a resistance at 90.35 along with a support at 89.85. If the resistance was breached the pair may jump to the 90.70 levels. Yet, the daily stochastic oscillator is supporting the upside.