The euro and the pound gained against its American counterpart, as investors are still buying the high yielding currencies, while remain selling the dollar. The USDIX declined recording a low of 76.900 and a high of 77.07.
The euro dollar pair inclined recording a high of 1.4580 and a low of 1.4542, having the union currency trading around 1.4575. Yesterday, the pair managed to breach the 1.4550 resistance level to get to the 1.4600 level, where it found a strong resistance to start falling again back to the 1.4540 levels. Today, the pair is having a support at 1.4500, along with a resistance at 1.4600. If the pair breached the resistance it will target 1.4655 levels. Yet, the daily stochastic oscillator is supporting the upside.
The pound dollar pair gained; recording a high of 1.6561 and a low of 1.6522, having the royal pound trading around 1.6555. The pair is having a support at 1.6510, along with a resistance at 1.6585. Today, the BOE will announce its interest rate decision that may help the pound to show further gains, breaking the resistance to target 1.6625. The pair is trading in an overbought area, according to momentum indicators on the daily charts.
Finally, the dollar declined against the Japanese yen; recording a low of 91.88 and a high of 92.23. Today, the pair continued taking a downside since the beginning of this week, where the pair is also having a support at 91.85, along with a resistance at 92.45. So far, daily stochastic oscillator is supporting the downside, and if the pair broke its resistance it may move up to be traded around 92.80.