The green currency gained today, versus a basket of major currencies, on improved outlook for the U.S. economy, as theU.S. industrial production and capacity utilization released todaybeat forecasts; ahead of the release of important U.S. confidence report later on today. Earnings by General Electric and Bank of America came disappointing but the dollar continued its rise. The dollar index, which tracks the dollar movements against a basket of major currencies, rose to 75.75 compared with the opening at 75.41.

The euro-dollar pair tradedwith a downside bias, seen over daily charts. However, on the 4-hours and 1-hour charts the pair is consolidating. The pair is reversing from an overbought area, after the euro touched its highest in 14-month against the dollar yesterday. The euro area released the trade balance for Augusttoday, whichturned into deficit after showing surplus in July. Meanwhile, the euro is traded at 1.4869 recording a high of 1.4967 and low of 1.4847, where the pair is supported by 1.4845 and faces the coming resistance of 1.4885.

The sterling-dollar pair showed an incline on the daily and 4-hour chart. The U.K. lacked fundamentals today; however, the pound continued its rise for the fourth day on speculations the BoE will suspend stimulus on signs of recovery. So far, the pound is trading at 1.6338, setting a high of 1.6398 and a low of 1.6250; while the coming support for the pair is seen at 1.6310 and the resistance is spotted at 1.6375.

The dollar-yen pair showed an upside tendency over the daily basis, but on the 4-hour and 1-hour charts the pair is moved sideways. The pair succeeded in breaching a strong resistance level at 90.27, which represents 23.2% Fibonacci retracement that paved the way to the next point at 91.69, which constitutes 38.2% Fibonacci retracement. Now, the pair is trading around 91.14 after hitting a high of 91.32 and a low of 90.49; while the pair is currently facing the coming support level at 90.80, while the resistance is spotted at 91.35.