The euro feel against its American counterpart in today's Asian session, while the pound gained slightly ahead of the RPI index today that is expected to show improvements in
The euro dollar pair declined recording a low of 1.4603 and a high of 1.4646, having the 16 nation's currency trading around 1.4620. The pair edged up to the 1.4650 levels yesterday and today it is having a support at 1.4580 along with a resistance at 1.4670. The euro zone's Zew survey will be released today that may help the pair to breach the resistance to target 1.4700 levels for where it can climb to the 1.4765 levels. The pair is trading in an overbought area according to the daily momentum indicators.
As for the pound dollar pair, it gained slightly recording a high of 1.6627 and a low of 1.6599, having the royal pound trading around 1.6625. Today the pair is having a resistance at 1.6670 along with a support at 1.6570. The British RPI is on queue today and it is expected to show an accelerating inflation which may support the pound to gain, worth mentioning that if the pair broke the resistance it will target 1.6715 levels. However, the four hours stochastic oscillator is supporting the upside.
Finally, the dollar yen pair gained today following yesterday's incline and recording a high of 91.20 and a low of 90.84. The pair is having a resistance at 91.70 along with a support at 90.40. If the resistance was breached we may see the pair trading near the 92.00 levels. The U.S retail sales will be seen today and it tends to move the market on release. So far, the pair is trading in an oversold area according to the daily momentum indicators.