So far mixed sentiments are spread throughout the currencies market as on one hand further optimism is spread today after that the superpower's jobless claims; the number of people filing for unemployment benefits, showed a cheerful and better-than-forecasted drop having the county's Initial Jobless Claims fell cheerfully to 421 thousand for December 4 from 436 thousand while that the Continuing Claims plummeted to 4086 thousand, boosting hopes regarding the current economical conjuncture.
On the other hand, pessimism was spread as well since that Ireland's credit rating has been downgraded to boost worries that Europe's debt crisis may spread further, which accordingly made the Union currency loose momentum up till now in front of other major currencies including the dollar.
However the euro-dollar pair is declining as present technical movements are taking place and made the U.S currency weaker to actually watch the euro-dollar pair rise faintly to the upside so far and have the Union currency trade around 1.3238 recording a high of 1.3322 and a low of 1.3162 and the pair is forecasted to incline further according to the one-hour and four-hour momentum indicators. The trading range for today is among the key support at 1.3120 and the key resistance at 1.3520
As for the pound-dollar, it is inclining so far and may most probably climb further to the upside according to the one-hour and four-hour stochastic oscillator with the royal pound now trading around 1.5750 recording a high of 1.5840 and a low of 1.5709. The trading range for today is among the key support at 1.5650 and the key resistance at 1.6075.
Now, turning to the dollar-yen pair, the green Benjamin is actually being pulled to the downside by the low-yielding Japanese yen that is now trading around 83.69 recording a high of 84.11 and a low of 83.49 but the pair is highly forecasted to start dropping according to the one-hour and four-hour momentum indicators. The trading range for today is among the key support at 82.80 and the key resistance at 85.95.