Major pairs narrow trading…

By @ibtimes on

So far throughout the currencies market and within the U.S session the major pairs are narrow trading on technical movements despite of a calm day throughout the economies as a result of the present eastern holidays while that the dollar gained some considerable momentum on the daily scale since that the drop of U.S stocks shattered demand for assets related to global economic growth.

As a result of these technical movements the euro-dollar pair is narrow trading on several time charts as neutral signs are witnessed throughout the momentum indicators at different time scales with the Union currency now trading around 1.4568 recording a high of 1.4626 and a low of 1.4524.The trading range for this week is among the major support at 1.4200 and the major resistance at 1.4725.

As for the pound-dollar pair, is consolidating and is forecasted to start inclining to the upside according to the four-hour and one-hour stochastic oscillator, having in fact the royal pound so far trading around 1.6490 recording a high of 1.65514 and a low of 1.6466.The trading range for this week is among the major support at 1.6110 and the major resistance at 1.6690.

Now turning to the dollar-yen pair, it is actually consolidating on technical movements since that mixed signs are watched and seen throughout several time charts within the momentum indicators with the low-yielding yen now trading around 801.87 recording a high of 82.41 and a low of 81.78.The trading range for this week is among the major support at 80.60 and the major resistance at 85.65.

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