Dollar re-gained slender strength…

By @ibtimes on

So far ahead of the Fed's Beige Book release, the green Benjamin gained back some momentum on technical movements mainly although the dollar plummeted throughout the prior EU session against most of its major counterparts to reach its weakest level versus the euro in almost three month due to the current higher crude price; above $100 a barrel.

Therefore, the euro-dollar pair is so far narrow trading to have the Union currency trading at 1.3863 recording a high of 1.3889 and a low of 1.3741 knowing that the pair is forecasted to fall according to the four-hour and one-hour stochastic oscillator. The trading range for today is among the key support at 1.3365 and the key resistance at 1.3715.

Furthermore, the pound-dollar pair is consolidating on technical movements and is expected to drop to the downside according to the one-hour momentum indicators, having the royal pound trading at 1.6324 recording a high of 1.6342 and a low of 1.6213. The trading range for today is among the key support at 1.5965 and the key resistance at 1.6300.

As for the dollar-yen pair, it is inclining so far due to current strong technical movements, having the low-yielding yen trading so far around 81.68 recording a high of 82.11 and a low of 81.56. The trading range for today is among the key support at 81.05 and the key resistance at 84.25.

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