Majors fell against the dollar today ahead of the euro zone's GDP final reading. Majors took a downside after the dollar weakened in the previous session. The USDIX inclined today recording a high of 76.45 and a low of 76.21.
The euro dollar pair declined recording a low of 1.4683 along with a high at 1.4720, having the 16 nation's currency trading around 1.4695. The euro declined after it rallied for two days reaching the 1.4760 levels from where it started to fall back to the 1.4685 levels. The pair is having a support at 1.4655 along with a resistance at 1.4740. The euro zone's GDP final reading will be released today that may affect the pair's trades. In case the pair breached the support it will target 1.4600 levels from where it may fall back to the 1.4560 levels, having in mind that four hours momentum indicators are supporting the downside.
Regarding the pound dollar pair, it fell recording a low of 1.5859 and a high of 1.5920, having the royal pound trading around 1.5865. Yesterday's industrial production reading in the U.K pressured the pound to decline and today the pair is having a support at 1.5825 along with a resistance at 1.5945. The pair is trading in an oversold area according to the four hour stochastic oscillator.
Finally, the dollar gained slightly against the Japanese yen recording a high of 89.04 along with a low of 88.67. The pair is having a resistance at 88.25 along with a support at 89.20. If the pair broke today's resistance we may see it trading near the 89.80 levels. Yet, the daily stochastic oscillator is supporting the downside.