So far the dollar is mixed on fears, hopes and present technical movements taking place throughout the currencies market having fears witnessed as the overall global recovery remains weak while that optimism was spread after that the superpower's housing starts increased cheerfully last month to 555 thousand or 3.9 percent while that the initial jobless claims for December 11 plummeted optimistically to 420 thousand from 423 thousand.
If truth be told, as a result of these technical movements the U.S. Dollar index, which measures the green Benjamin's performance versus six major currencies, is so far narrow trading to currently trade at 80.14 recording a high of 80.37 and a low 79.97.
Accordingly the euro-dollar pair is inclining on the one-hour scale but plunging on the four-hour chart so far due to the present technical movements and uncertainties to have the Union currency trading around 1.3225 recording a high of 1.3265 and a low of 1.3179, knowing that the pair may start to climb to the upside according to the one-hour and four-hour stochastic oscillator. The trading range for today is among the key support at 1.3080 and the key resistance at 1.3460
As for the pound-dollar pair, it is consolidating but is forecasted to drop according to the one-hour and four-hour momentum indicators with the royal pound so far trading around 1.5620 recording a high of 1.5630 and a low of 1.5538. The trading range for today is among the key support at 1.5385 and the key resistance at 1.5810.
Now, turning to the dollar-yen pair, it is narrow trading as mixed signs are detected at different time scales throughout the momentum indicators, having the low-yielding trading around 84.19 recording a high of 84.44 and a low of 83.94. The trading range for today is among the key support at 82.50 and the key resistance at 85.95.