The green currency slightly changed after the release of Durable Goods report in the U.S. which showed improvement. The dollar was not impacted by the news as seen by the dollar index which is currently at 76.10 compared with the opening at 76.13. The dollar is still doing an upside correction after dropping to the lowest in 14 months versus a basket of major currencies.
As regards to the euro-dollar pair, it is consolidating on the daily charts, while showing an incline on the 4-hour and 1-hour charts. The euro zone lacked important fundamentals today and therefore movements were merely technical. Meanwhile, the euro is traded at 1.4808 recording a high of 1.4841 and low of 1.4754, where the pair is supported by 1.4790 then faces the coming resistance of 1.5000.
As for the sterling-dollar pair, it is showing an incline for the third day on the daily charts as a correction to the sharp fall of Friday which occurred after the disappointing GDP for the third quarter. Also, on the 4-hour and 1-hour charts, the pair is inclining. So far, the pound is trading at 1.6355 setting a high of 1.6403 and a low of 1.6285; while the coming support for the pair is seen at 1.6355 and the resistance is spotted at 1.6422.
With regard to the dollar-yen pair, it is showing a downside tendency over daily basis. The pair breached the strong support at 91.71 moving towards 90.28 which represents 23.6% Fibonacci retracement level to the downside trend that started on August 10. Now, the pair is trading around 91.14 after hitting a high of 91.80 and a low of 90.90; while the pair is currently facing the coming support level at 90.95, while the resistance is spotted at 92.25.