The green Benjamin weakened along with its index against most of its major counterparts throughout the U.S session as it is now speculated that central banks from Europe and the U.K will start fighting inflation that has been caused by higher fuel costs by actually increasing interest rates before that the Federal Reserve does in the world's leading economy.
As a result the euro-dollar pair is rising to the upside due to a weaker dollar wit the Union currency trading around 1.3752 recording a high of 1.3786 and a low of 1.3646, knowing that the pair is forecasted to start plummeting according to the four-hour stochastic oscillator. The trading range for today is among the key support at 1.3365 and the key resistance at 1.3715.
Still the pound-dollar pair remains on falling due to technical movements and is actually expected to slip further to the downside according to the one-hour and four-hour stochastic oscillator with the royal pound trading around 1.6202 recording a high of 1.6272 and a low of 1.6131. The trading range for today is among the key support at 1.5965 and the key resistance at 1.6300.
As for the dollar-yen pair, it is actually plunging considerably on the four-hour scale and expected to drop further according to several time charts momentum indicators with the low-yielding yen trading around 82.38 recording a high of 82.88 and a low of 82.30. The trading range for today is among the key support at 81.05 and the key resistance at 84.25.