So far, the Federal currency continues on loosing momentum throughout the currencies market as its appeal as a refuge remains corroded after that pending home sales of the world's largest economy rose unexpectedly and came in better than forecasts for October, indicating a further enhancement of the housing sector.
Moreover hopes mounted as Dubai World; one of the major governmental companies in the country that is worth of $59 billion of liabilities is in talks presently with banks on reforming around $26 billion of its debt, encouraging investors to target higher-yielding assets.
Consequently, the euro-dollar is inclining slightly on the four-hour scale but is forecasted to plunge according to the four-hour stochastic oscillator, having the Union currency trading son far around 1.5103 recording a high of 1.5117 and a low of 1.4970 with a resistance at 1.5134 and a support at 1.5075.
As for the pound-dollar pair, it is continuing its incline as the royal pound is advancing against the current weakened green Benjamin and trading at 1.6634 recording a high of 1.6639 and a low of 1.6389 with a resistance at 1.6703 and a support at 1.6574, knowing that the pair may plunge according to the four-hour and the one-hour charts momentum indicators.
Now, turning to the dollar-yen pair, it is so far narrow trading around a resistance level witnessed at 86.83 and a support at 86.12 as mixed signs is seen throughout the momentum indicators at different time scales, having the yen trading at 86.57 recording a high of 87.53 and a low of 86.14.