The euro and the pound gained against the green currency in today's Asian session after technical movements yesterday gave back momentum to the high yielding currencies. The USDIX fell today recording a low of 78.04 and a high of 78.21.
The euro dollar pair inclined recording a high of 1.4358 and a low of 1.4321, having the union currency trading around 1.4355. Today the pair is having a resistance at 1.4380 along with a support at 1.4320. If the pair breached the resistance it will target 1.4410, while if the support was breached the next target will be 1.4285. However, the euro zone's unemployment rate will be released today affecting the pair's trades and the stochastic oscillator on the four hours scale is supporting the upside.
Regarding the pound dollar pair, it gained slightly recording a high of 1.6307 and a low of 1.6254, having the royal pound trading around 1.6300. The pair is having a resistance at 1.6325 along with a support at 1.6245. If the pair broke the resistance we may see it trading in the 1.4345 levels. The British PMI manufacturing may help the pair to gain further today especially with the optimistic forecasts of a higher reading, and momentum indicators on the daily scale are supporting the uptrend.
Finally, the dollar yen pair gained recording a high of 93.19 and a low of 92.83. The pair is having a resistance at 93.30 along with a support at 92.75. The U.S Pending home sales and construction spending are on queue today that tends to move the market on release, and according to momentum indicators on the daily charts, the pair is trading in an oversold area.