Movements in FOREX market are writhing narrow ranges, where the volume is very low, ahead of new-year celebrations.

The dollar is currently traded near the day's opening as depicted by the dollar index which fell to low of 80.23 and touched a high of 80.63 compared with the day's opening at 80.55.

Annualized third-quarter GDP data in the United States came in at 2.6%, which is better than the initial 2.5% yet lower than forecasts of 2.8% expansion.

In the euro zone, the jittery fiscal situation continued with Fitich's announcement yesterday it will put Greece's credit rating under review for possible downgrade in January.

Yet, concerns eased after China said it will buy between 4 billion euros and 5 billion euros of Portuguese sovereign debt to lower tensions in European markets.

Other important data released from Europe showed that 3Q growth figures in the UK were downwardly revised to 0.7% and 2.7% on the quarter and on the year from 0.8% and 2.8% respectively, while BoE minutes for December's rate decision showed a spilt among the nine-panel members as the vote came 7-1-1.

Concerning the euro-dollar pair, it is currently showing a slight decline on the daily charts after it got support at 1.3080 to surge slightly to 1.3096.

So far, the pair has recorded a high of 1.3180 and a low of 1.3076, while the trading range for today is among the key support at 1.2965 and the key resistance at 1.3255.

Moving to the royal pair, it is showing some decline on the daily charts after the breach of 1.5580 then 1.5550 support levels earlier this week which paved the way for the pair to fall to 1.5404.

Meanwhile, the pair has recorded a high of 1.5492 and a low of 1.5375, whereas the trading range for today is among the key support at 1.5315 and the key resistance at 1.5650.

With regard to the dollar-yen pair, it fell for the fifth day after falling below support at 83.70 critical level, where the pair has recorded a high of 83.84 while the day's low was seen at 83.40.

Meanwhile, the pair is trading at 83.43, whereas the trading range for today is among the key support at 1.5315 and the key resistance at 1.5650.