Throughout the US session today the euro and the pound appeal were boosted and accordingly still targeted by traders due to today's US cheerful data where on one hand empire manufacturing rose cheerfully and unexpectedly to 20.21; the fasted pace since June 2010 while that on the other hand the country's jobless benefits dropping last week to almost a four-year low.
Now the Greenback lost some momentum with the day start, driving the index which tracks the performance of the U.S. dollar against 6 of its most-traded counterparts, down to 80.42 after opening at 80.58, recording the highest level of 80.67 and lowest of 80.30.
Gold Spot price rose to $1647.20 an ounce from $1643.44. Oil futures for April delivery steadied around $105.32 a barrel from $105.56.
Accordingly the euro remains on inclining on the four-hour and one-hour chart and is forecasted to show later on a plunge to the downside according to the one-hour and four-hour stochastic oscillator with in fact so far the EUR/USD pair trading around $1.3102 while recording the highest level of $1.3107 and lowest level of $1.3003. The trading range for today is among key support at 1.2795 and key resistance at 1.3200.
The British Pound is inclining as well throughout the one-hour scale driving accordingly the GBP/USD pair to trade around $1.5726 and is forecasted to start plunging according to the one-hour momentum indicators while recording the highest level of $1.5729 and lowest of $1.5632. The trading range for today is among key support at 1.5420 and key resistance at 1.5880.
Finally, the USD/JPY pair is narrow trading as a result of technical movements and therefore mixed signs witnessed within the momentum indicators at different time charts momentum with the USD/JPY pair trading around ¥823.23 while recording the highest level of ¥84.16 and lowest levels of ¥83.18. The trading range for today is among key support at 82.20 and key resistance now at 85.50.