So far throughout the US session the major pairs are narrow trading due to the present creation of technical movement within the currencies market while that optimism remain strongly spread as sales witnessed by US huge known retailers such as Abercrombie & Fitch Co., Limited Brands Inc. and many others.
While that just recently as already speculated yesterday the European policy makers extended an emergency loan program, which can indeed support and back up a financial stability of the area and the superpower's pending home sales unexpectedly rose in October.
As a result the euro-dollar is narrow trading and shows neutrality according to the one-hour and four-hour momentum indicators mainly on technical movements to watch the Union currency trade around 1.3196 recording a high of 1.3246 and a low of 1.3058. The trading range for today is among the key support at 1.2915 and the key resistance at 1.3300.
Now the pound-dollar pair is plunging slightly but shows mixed signs on the one-hour and four-hour stochastic oscillator with the royal pound trading so far around 1.5579 recording a high of 1.5666 and a low of 1.5509. The trading range for today is among the key support at 1.5425 and the key resistance at 1.5800.
As for the dollar-yen pair, it is consolidating as a result of the current technical movements seen within the currencies market while that mixed sentiments are shown throughout the momentum indicators at several time-scales with the low-yielding Japanese yen trading around 83.71 recording a high of 84.36 and a low of 83.46. The trading range for today is among the key support at 82.80 and the key resistance at 85.95.