The green currency continues on gaining momentum throughout the currencies market as its appeal as a refuge is boosted due to fears so far spread, knowing that a known Dubai developer; Nakheel Inc, posted a $3.65 billion loss along with the Dubai world debt that remains unsolved despite official talks, while Japan declared yesterday that its government will inject a new huge stimulus plan that will cost the economy 81 billion dollars.

As a result, the euro-dollar pair continues on plummeting but is forecasted to rise to the upside according to one-hour and four-hour stochastic oscillator, knowing that that the Federal currency reached a month-low against the Union currency, having the euro so far trading at 1.4707 recording a high of 1.4867 and a low of 1.4687 with a resistance at 1.4837 and a support at 1.4524.

However, the pound-dollar pair is presently narrow trading as a result of technical movements, having in fact the royal pound so far trading at 1.6287 recording a high of 1.6475 and a low of 1.6253 with a resistance at 1.6450 and a support at 1.6081, having in mind that the pair shows a tendency to slip to the downside according to the one-hour momentum indicators.

As for the dollar-yen pair, it is currently consolidating better a resistance level witnessed at 91.95 and a support level detected at 85.85 as mixed signs are seen throughout the momentum indicators at different time scales, having the low-yielding yen trading so far at 88.32 recording a high of 89.51 and a low of 88.15.