The Dollar lost momentum in today's trading session whereas the EUR/USD pair is currently trading near the opening levels for today while the dollar lost its ground slightly against the Yen due to the bigger than expected slump in the housing sector, in addition the GBPUSD pair inclined severely in today's trading session ahead of tomorrow's UK GDP report.
The U.S Dollar Index; which measures the performance of the Green Benjamin against a six major currencies including the Euro, Pound and Yen little changed but to the upside whereas the index opened at 78.169 to trade at 78.207 after reaching the highest levels for today at 78.341 and the lowest at 78.026.
The euro-dollar pair is currently unchanged on the Daily Scale where the pair is currently trading near the opening levels of $1.4154 as it's trading at $1.4150, the pair is currently trading among the resistance levels of $1.4288 and the support levels of $1.4066 whereas the pair holds strong tendency to incline on the daily chart as its trading in an oversold area. The pair's upcoming support and resistance levels are set at $1.4125 and $1.4210 respectively, meanwhile the pair managed to reach the highest point at $1.4194 and the lowest at $1.4126.
As for the sterling-dollar pair it continued to gains slashing half of the slump that lasted over the past three trading days whereas the pair managed to breach the resistance levels of $1.6208 and built a solid trading base above it, the pair is targeting the upcoming resistance levels at $1.6291 but technical Oscillators on the four hour chart points out that the pair is trading in an overbought area therefore a slight decline to adjust the price is expected over the upcoming hours. The pair managed to reach the highest levels for today at $1.6245 and the lowest at $1.6087 while it's currently trading at $1.6243 levels; meanwhile a possible intraday bearish move for the rest of the day is expected targeting $1.6000 levels as far as $1.6265 remains intact. The upcoming support and resistance levels for the pair can be witnessed at $1.6190 and 1.9291 respectively.
Finally talking about the USDJPY pair, no changes at the pair in today's trading session where it holds a strong tendency to incline on the daily chart; the pair rebounded from the support levels of $89.80 and inclined back to the opening levels of $90.23 as it's currently trade at $90.25. The pair managed to reach the highest levels for today at $90.33 and the lowest at $89.80 as for the expectations for the bearish direction over the intraday it will remain valid as long as trading remains below $91.45 levels. The upcoming support and resistance levels for the pair can be witnessed at $89.80 and 90.85 respectively.