So far the green Benjamin is gaining some momentum throughout the currencies market mainly on technical movements although within the prior session it reached a one-week low against the yen after that reports today showed that the world's leading economy economical growth and existing home sales increased less than what was forecasted by the market, which corroded accordingly the appeal of the U.S currency in the eyes of traders and investors.
Accordingly, the euro-dollar pair is plunging so far due to the present technical movements and uncertainties to have the Union currency trading around 1.3077 recording a high of 1.3180 and a low of 1.3076, knowing that the pair may start to rise to the upside strongly according to the four-hour stochastic oscillator. The trading range for today is among the key support at 1.2965 and the key resistance at 1.3255
As for the pound-dollar pair, it is dropping faintly to the downside but is forecasted to start climbing up to the upside according to the one-hour momentum indicators with the royal pound so far trading around 1.5358 recording a high of 1.5492 and a low of 1.5354. The trading range for today is among the key support at 1.5315 and the key resistance at 1.5650.
Now, turning to the dollar-yen pair, it is narrow trading as mixed signs are detected at different time scales throughout the momentum indicators, having the low-yielding trading around 83.62 recording a high of 83.84 and a low of 83.40. The trading range for today is among the key support at 82.80 and the key resistance at 85.95.