So far, the green Benjamin is loosing momentum throughout the currencies market as a result of ongoing optimism spread and due to a record low U.S borrowing costs which boosted up the appetite of risk of the traders encouraging them accordingly to target the higher-yielding currencies; the euro and the pound.

As a result, the euro-dollar pair is inclining as signs of global economic recovery remain witnessed, having the Union currency so far trading at 1.4601 recording a high of 1.4614 and a low of 1.4500 with a resistance at 1.4620 and a support at 1.4565, knowing that the pair may start to plunge slightly according to the one-hour stochastic oscillator.

As for the pound-dollar pair, it is rising as well to the upside, as the refuge appeal of the dollar is corroded, having in mind that the pair shows a strong tendency to start falling according to the four-hour and the one-hour charts momentum indicators, having the royal pound trading at 1.6679 recording a high of 1.6685 and a low of 1.6477 with a resistance at 1.6704 and a support at 1.6610.

Now, turning to the dollar-yen pair, it is plummeting and forecasted to slip further to the downside according to four-hour and the one-hour charts momentum indicators, having the low-yielding yen trading at 91.62 recording a high of 92.24 and a low of 91.40 along with a resistance at 91.83 and a support at 91.50.