So far, the Union currency dropped to its lowest level in four weeks against the Federal currency as its appeal has been corroded throughout the currencies market after that the strongest European economy; Germany, saw its investor confidence plummeting worse than the market forecast, while Greece is expected to strongly struggle to attempt on controlling its current budget crisis.

As a result, the euro-dollar pair is continuing on declining as the green Benjamin remains on advancing the euro that is so far trading at 1.4284 recording a high of 1.4413 and a low of 1.4250 with a resistance at 1.4325 and a support at 1.4215, knowing that the pair shows a strong tendency to climb to the upside according to the four-hour stochastic oscillator.

As for the pound-dollar pair, it is slightly inclining but forecasted to drop according to the one-hour and four-hour momentum indicators, having the royal pound so far trading around 1.6379 recording a high of 1.6456 and a low of 1.6309 with a resistance at 1.6410 and a support at 1.6315.

Now, turning to the dollar-yen pair, it is narrow between a resistance level witnessed at 91.85 and a support level detected at 89.75 as mixed signs are seen throughout different time scales momentum indicators, having the yen now trading at 91.05 recording a high of 91.26 and a low of 90.30.