The green currency gained today, versus a basket of major currencies, on improved outlook for the
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
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.