The U.S. dollar pared its advance seen after the release of abysmal non-farm-payrolls report earlier today. The labor report showed that unemployment rose to the highest in 26 years to 10.2%. The dollar index, a gauge of the dollar's strength versus six major currencies is now at 75.69 after reaching a high of 75.96 after the news.
As regards to the euro-dollar pair, it is showing a slight decline on the daily charts, but inclining on the 4-hour and 1-hour charts. The euro area lacked fundamentals today except factory orders which inclined on the year and retreated on the month. After the NFP report, the pair slid then rose but now it is fluctuating. The pair is currently traded at 1.4866 recording a high of 1.4913 and a low of 1.4811, while the coming support is at 1.4845 and resistance at 1.4880.
As for the sterling-dollar pair, it is consolidating on the daily charts but facing pressure as it is inclining on the 4-hour and 1-hour charts. PPI in the U.K. inclined today showing improvement but the news did not impact the pound. The pair inclined for the fourth day heading to an overbought area on the daily charts. So far, the pound is trading at 1.6588 setting a high of 1.6634 and a low of 1.6516; while the coming support for the pair is seen at 1.6565 and the resistance is spotted at 1.6605.
With regard to the dollar-yen pair, it is showing a downside tendency over daily and 4-hour basis. The pair has breached the strong support at 90.28, which represents 23.6% Fibonacci retracement for the downside trend that started on August 10. Now, the pair is trading around 89.80 after hitting a high of 90.85 and a low of 89.60; while the pair is currently facing the coming support level at 89.58, while the resistance is spotted at 90.28.