The Union currency lost strength throughout the day after that the European Central Bank President; Jean-Claude Trichet, inflation forecasts for next year spurred fears within the currencies market and traders state of mind, however so far pairs are narrow trading within the U.S session due mainly to technical movements.

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 1.4527 recording a high of 1.4650 and a low of 1.4476.Trading range for today is among the major support 1.4235 and the major resistance 1.4545

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 1.6377 recording a high of 1.6465 and a low of 1.6357.Trading range for today is among the major support 1.6125 and the major resistance 1.6520

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 80.10 recording a high of 80.29 and a low of 79.89.The trading range for today is among the major support 79.00 and the major resistance 82.50.