So far the dollar has weakened slightly within the currencies market on technical movements despite the strengthening of the dollar throughout the previous EU session due to today's US cheerful news; having the Industrial production of the country coming in better than forecasts, while that the Capacity Utilization rose to 70.5% from 69.6%.
In fact, the dollar index, which shows the strength of the green Federal currency in front of a basket of currencies, is plummeting on the four-hour and one-hour trading at 75.57 recording a high of 75.89 and a low of 75.29.
As a result, the euro-dollar pair is consolidated, having the Union currency so far trading at 1.4903 recording a high of 1.4906 and a low of 1.4847 with a resistance at 1.4944 and a support at 1.4864, knowing that the pair may rise further to the upside on the one-hour and four hour momentum indicators.
As for the pound-dollar pair, it is inclining slightly and shows a tendency to plunge according to the four-hour stochastic oscillator, having the royal pound trading so far around 1.6362 recording a high of 1.6398 and a low of 1.6250 with a resistance at 1.6419 and a support at 1.6307.
Now, turning to the dollar-yen pair, it is narrow trading between a resistance level witnessed at 91.18 and a support level detected at 90.70 as mixed signs are seen on different-time scales momentum indicators, seeing the low-yielding currency so far trading at 90.97 recording a high of 91.32 and a low at 90.49.