So far mixed sentiments are spread throughout the currencies market along with technical movements shaping overall trading to have accordingly the major pairs currently narrow trading within narrow ranges, having in mind that hopes are witnessed on a global scale after some cheerful EU data was released, while that the world's leading economy housing sector saw in May its existing home sales plummeting to -2.2% from 7.6%.

In fact, even the dollar index, which tracks the strength of the dollar in front of a basket of currencies, is consolidating on several time scales to trade currently around 85.88 recording a high of 86.25 and a low of 85.74.

As a result, the euro-dollar pair is now narrow trading as a result of today's spread fears and hopes and technical movements taking place, to watch the Union currency trading so far around $1.2304 recording a high of $1.2353 and a low of $1.2249 with a resistance at $1.2400 and a support at $1.2240, having the pair showing a tendency to climb to the upside according to the four-hour stochastic oscillator.

Now, the pound-dollar pair is consolidating as well due to technical movements surrounding the currencies trading but is forecasted to start plunging according to the one-hour and four-hour momentum indicators, having the royal pound trading so far around $1.4849 recording a high of $1.4857 and a low of $1.4685 with a resistance seen at $1.4930 and a support showed at $1.4690.

As for the dollar-yen pair, it is narrow trading so far between a resistance level that is witnessed around 92.25 and a support level detected at the level of 89.55, having the pair trading presently around 90.57 recording a high of 91.09 and a low of 90.49, while the pair is expected to climb to the upside according to the four-hour momentum indicators.