The dollar started this week gaining against majors taking a correctional trend after last week's drop. The USDIX inclined recording a high of 76.60 and a low of 76.95.
The euro dollar pair declined recording a low of 1.4520 and a high of 1.4577, having the union currency trading around 1.4545. The pair edged up last week till it breached the 1.4600 level and it had a major resistance at 1.4615 to start falling again getting back to the 1.4515 levels. Today the pair is having a support at 1.4500 along with a resistance at 1.4585. The euro zone's industrial production will be released today that may help the pair to climb again if it showed an improving industrial output. Momentum indicators on the daily chart are supporting the downside.
Regarding the pound dollar pair, it fell recording a low of 1.6595 and a high of 1.6653, having the royal currency trading around 1.6615. The pair is having a support at 1.6550 along with a resistance at 1.6725. If the pair breached the support it will target 1.6485 levels from where it may fall back to the 1.6415 levels. However, the four hours stochastic oscillator is supporting the downtrend.
Finally, the dollar yen pair is consolidating between 90.25 and 90.70 recording a low of 90.29 and a high of 90.64. The pair is having a support at 90.10 along with a resistance at 90.85. If the pair broke the resistance it will target 91.15 from where it may climb to the 91.80 levels. So far, the pair is trading in an oversold area according to the daily stochastic oscillator.