Once again and for a seventh day actually the green Benjamin looses against the euro throughout the currencies market but this time it was caused just currently by the Federal Reserve members rate decision statement as soon as it came out since that they announced that a pickup in inflation across the superpower nation is likely to be temporary since that the committee decided as already agreed to finish its $600 billion of bond purchases on schedule in June.

As a result the euro-dollar pair the euro-dollar pair is inclining on several time charts due to a weakened dollar with the Union currency now trading around 1.47050 recording a high of 1.4712 and a low of 1.4632 with a tendency to rise further to the upside according to the one-hour-stochastic oscillator.The trading range for this week is among the major support at 1.4200 and the major resistance at 1.4725.The trading range for this week is among the major support at 1.6110 and the major resistance at 1.6690.

As for the pound-dollar pair, it is narrow trading mainly due to current technical movements present throughout the market but is forecasted to start plummeting according to the four-hour stochastic oscillator, having in fact the royal pound so far trading around 1.6551 recording a high of 1.6579 and a low of 1.6433.

Now turning to the dollar-yen pair, it is actually plunging on technical movements and as a result of the present weakened dollar and is actually projected to slip further to the downside according to the four-hour and one-hour momentum indicators with the low-yielding yen now trading around 82.38 recording a high of 82.78 and a low of 81.26.The trading range for this week is among the major support at 80.60 and the major resistance at 85.65.