So far, after that the overall markets were stable in the previous session as there's a lack of economical data reported from major economies today, still the green Benjamin manage to rebound from a 14-month low against the euro as it is speculated that the green Benjamin's plunge away from $1.50 is tough to uphold for long.
In fact, the dollar index, which tracks the dollar in front of a basket of currencies, rose considerably on the daily chart to trade at 75.99 recording a high of 76.03 and a low of 75.19.
As a result, the euro-dollar pair is narrow trading so far after that it plunged massively, having the Union currency trading at 1.4867 recording a high of 1.5061 and a low of 1.4854 with a resistance at 1.4949 and a support at 1.4780, knowing that the pair may start to incline according to the four-hour and one-hour charts stochastic oscillator.
As for the pound-dollar pair, it is narrow trading and forecasted to plunge according to the one-hour momentum indicators, having the royal pound trading so far around 1.6327 recording a high of 1.6394 a low of 1.6248 with a resistance at 1.6474 and a support at 1.6189.
Now, turning to the dollar-yen pair, it is consolidating between a resistance level witnessed around the level 92.87 and a support level detected at 91.12 due to technical movements, having so far the low-yielding yen trading at 92.13 recording a high of 92.28 and a low of 91.55.