Major currencies resumed the downside for the third straight day ahead of the EU Summit today that may carry hope for Greece and for the euro. The USDIX that tracks the dollar strength against a basket of major currencies inclined slightly recording a high of 82.05 and a low of 81.73, while the index is currently fluctuating around 82.00.
The euro dollar pair declined recording a low of 1.3283 and a high of 1.3346, having the union currency trading around 1.3295. Yesterday, the pair closed at the 1.3300 levels breaching the support level of 1.3445 that signals further declines in the rest of this week. The pair is having a support at 1.3210 along with a resistance at 1.3395, and momentum indicators on the daily scale say the pair still trading in the oversold area.
Regarding the pound dollar pair, it fell slightly in the Asian session recording a low of 1.4853 and a high of 1.4910, having the royal currency trading around 1.4870. The pair is having a support at 1.4795 along with a resistance at 1.5030, and the pair may show further declines today, according to the stochastic oscillator on the daily scale. The British retail sales is on queue today that may move the pair on release.
Finally, the dollar yen pair is consolidating between a high of 92.09 and a low of 91.75, and it is currently trading around 92.00. The pair is fluctuating after the dollar strengthened yesterday against its Japanese counterpart, breaching the 91.30 levels and closing at near the 92.00 levels. Today's resistance could be found at 92.80, while the support could be found at 90.95, and the pair is trading in the overbought area according to momentum indicators on the daily charts.