So far, the majors; the euro and the royal pound, managed to gain slight momentum throughout the currencies market as a result of rough correctional movements, even though pessimism is spread within overall markets as major economies remain depressingly affected by the global downturn, knowing that the EU growth contracted further.

As a result, the euro-dollar pair is inclining slightly and is forecasted to incline further according to the one-hour stochastic oscillator, having the Union currency so far trading at 1.4695 recording a high of 1.4736 and a low of 1.4656 with a resistance at 1.4722 and a support at 1.4643.

As for the pound-dollar pair, it is climbing to the upside and shows a tendency to incline further according to the four-hour chart momentum indicators, having the royal pound so far trading at 1.5957 recording a high of 1.5970 and a low of 1.5857 with a resistance at 1.6009 and a support at 1.5873.

As for the dollar-yen pair, it is plummeting as the dollar is being pulled by the strengthened yen, having in fact the low-yielding Japanese currency trading so far around 88.57 recording a high of 89.38 and a low of 87.99, having in mind that a resistance level could be witnessed at 89.00 and a support level is detected at 88.19.