Markets remain calm…

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Markets continue on being calm so far as no fundamentals were released today from the world's largest economy and other major economies, while investors returned from their long Christmas holiday to the market and are still closing their positions within markets ahead of the New Year, which caused overall trading movements to be within narrow ranges.

As a result, the euro-dollar pair is narrow trading presently due to pure technical movements and overall calmness present within overall trading, having the Union currency now trading at 1.4389 recording a high of 1.4413 and a low of 1.4352 with a resistance at 1.4462 and a support at 1.4353, knowing that mixed signs are witnessed within the momentum indicators at various time scales.

Furthermore, as the euro-dollar pair, the pound-dollar pair is consolidating as well, having the royal pound trading around 1.6001 recording a high of 1.6013 and a low of 1.5930 with a resistance at 1.6066 and a support at 1.5941, knowing that the pair shows a strong tendency to start plunging according to the four-hour stochastic oscillator.

Now, turning to the dollar-yen pair, it is narrow trading so far as a result of technical movements between a strong resistance level witnessed at 92.07 and strong support level detected at 91.14 that were actually resistance levels and support levels seen the last couple of days as well since overall trading continues on being calm, having accordingly thepair currently trading around 91.56 recording a high of 91.75 and a low of 91.39.

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