The green currency advanced against a basket of major currencies rebounding slightly from 14-month low on speculations
As regards to the euro-dollar pair, it is trading with a slight downside bias as seen over daily charts. However, on the 4-hours and 1-hour charts, the pair is showing an incline. The pair is giving a bearish signs as seen by the Stochastic Oscillator momentum indicator which is referring to a possible reverse from an overbought area. The pair managed to breach the important psychological resistance level at 1.5000 on Wednesday and today. Meanwhile, the euro is traded at 1.4996 recording a high of 1.5035 and low of 1.4942, where the pair is supported by 1.4970 and faces the coming resistance of 1.5000.
As for the sterling-dollar pair, it is showing an incline on the daily charts, while on the 4-hour and 1-hour charts are showing an incline. Retail Sales dropped for the second month in September. The pound pared some of yesterday's gains when the pound reached the highest level in 6 weeks at 1.6590. So far, the pound is trading at 1.6560 setting a high of 1.6636 and a low of 1.6485; while the coming support for the pair is seen at 1.6540 and the resistance is spotted at 1.6580.
With regard to the dollar-yen pair, it is showing an upside tendency over daily basis and the 4-hour charts. The pair inclined towards the strong resistance at 91.71 which represents 38.2% Fibonacci retracement level to the downside trend that started on August 10. Now, the pair is trading around 91.49 after hitting a high of 91.58 and a low of 90.76; while the pair is currently facing the coming support level at 91.27, while the resistance is spotted at 91.71.