The dollar lost strength as the world's leading economy saw unfortunately its jobless claims last week jumping to the highest level since October while that the EU leaders will presently step up efforts to ease the region's unending debt crisis while that demand rose at Spain's debt sale, which of course boosted the Union currency up till now throughout the currencies market, still the euro strengthening is corroded by some present technical movements.
Accordingly the euro-dollar is inclining faintly to the upside as hopes spread on the EU soil keep on boosting the strength of the euro that is so far trading around 1.3354 recording a high of 1.3383 and a low of 1.3087, still the pair may start plunging according to the one-hour and four-hour stochastic oscillator. The trading range for today is among the key support at 1.2800 and the key resistance at 1.3200.
As for the pound-dollar pair, it is climbing but slightly to the upside as well due the current optimism detected with the royal pound so far trading at 1.5850 recording a high of 1.5883 and a low of 1.5716 knowing that the pair is highly forecasted to start declining on the one-hour and four-hour momentum indicators. The trading range for today is among the key support at 1.5510 and the key resistance at 1.5800.
Now, turning to dollar-yen pair, it is actually predicted to rise to the upside according to the one-hour stochastic oscillator but is now rising vaguely with the low-yielding Japanese now trading around 82.77 recording a high of 83.15 and a low of 82.52. The trading range for today is among the key support at 81.05 and the key resistance at 84.25.