So far the green Benjamin remains weak as it was throughout the previous EU session since it is highly speculated that the Fed keeps interest rates at a low rate for a long extended period despite a stronger recovery witnessed throughout the United States current economical conjuncture, which boosted accordingly the appeal of the high-yielding currencies; the euro and the pound.

As a result, the euro-dollar pair is so far narrow trading as a result of technical movements and as the green Federal currency is weak, having the Union currency trading at 1.4839 recording a high of 1.4846 and a low of 1.4700 with a resistance at 1.4893 and a support at 1.4777, knowing that the pair shows a tendency to plunge according to the four-hour stochastic oscillator.

As for the pound-dollar pair, it is consolidated as well and forecasted to plunge accorded to the four-hour and one-hour momentum indicators, having so far the royal pound trading around 1.6565 recording a high of 1.6589 and a low of 1.6398 with a strong resistance at 1.6649 and a support at 1.6471.

Now, turning to the dollar-yen pair, it is narrow trading due to technical movements between a resistance witnessed at 91.41 and a support level detected at 90.32, having the low-yielding Japanese currency trading so far around 90.93 recording a high of 91.04 and a low of 90.03.