So far, despite today's US cheerful data concerning the housing sector, the green Benjamin is currently strengthened slightly throughout the currencies market as it is speculated that the Federal Reserve will have its interest rates inclined sooner than forecasted, helping accordingly the dollar to advance against the yen to its highest level within this month.

Consequently, the euro-dollar pair plummeted strongly on the four-hour and one-hour charts and may plunge further to the downside according to the stochastic oscillator on these timing scales, having the Union currency trading at 1.5006 recording a high of 1.5060 and a low of 1.4989 with a resistance at 1.5035 and a support at 1.4978.

As for the pound-dollar pair, it is declining as well as the dollar is advancing slightly in front the royal pound that is so far trading around 1.6305 recording a high of 1.6692 and a low of 1.6297 along with a resistance at 1.6521 and a support at 1.6155, knowing that the pair may incline according to the four-hour and one-hour momentum indicators.

Now, turning to dollar-yen pair, it is inclining as the dollar reached a 1-month against the low-yielding Japanese currency, having actually the yen trading so far at 92.03 recording a high of 92.11 and a low of 91.26, knowing that a resistance level could be witnessed at 93.10 and a support is detected at 91.12.