The Euro and the Pound slightly gained against the green currency in today's Asian session, after cheerful fundamentals witnessed in Australia showing unemployment unexpectedly declined to 5.3%. The USDIX that tracks the dollar's strength against a basket of currencies, declined to record a low of 79.70 and a high of 80.05, and it is currently trading around 19.75.
Today the European Union is having a summit to determine how to aid Greece, after the union said that aid will be sent soon for Greece to face the ballooning deficit. Thus, today's summit results will be affecting the market.
The euro dollar pair inclined slightly to record a high of 1.3800 and a low of 1.3745, having the union currency trading around 1.3780. The pair is expected to show further gains according to momentum indicators on the daily charts, and it is having a resistance at 1.3705 along with a support at 1.3825. The ECB will publish its monthly report today that will move the market.
Regarding the pound dollar pair, it inclined to record a high of 1.5659 and a low of 1.5604, having the royal pound trading around 1.5655. Today's trading range might be between 1.5580 levels and 1.5805 levels, while the stochastic oscillator on the daily and four hour charts are supporting the upside. If the pair breached today's support, it may fall back to the 1.5525 levels.
Finally, the dollar yen pair is trading between a high of 90.13 and a low of 89.80, and the pair is currently trading around 89.90. Today's support could be found at 88.90, while the resistance could be found at 90.40, and the pair is heading towards an overbought area according to the daily stochastic oscillator. Yet, the U.S retail sales and initial jobless claims are on queue today that may affect the market.