Today's trading is within narrow ranges, due to lack of important fundamentals from major economies, except the
The euro-dollar pair traded with a slight upside bias seen over daily charts. On the 4-hours and 1-hour charts, the pair is also showing incline. The pair is now moving in an overbought area according to the Stochastic Oscillator momentum indicator. The pair is facing important psychological resistance level at 1.5000. Meanwhile, the euro is traded at 1.4958 recording a high of 1.4966 and low of 1.4887, where the pair is supported by 1.4925 and faces the coming resistance of 1.5000.
The sterling-dollar pair showed an incline on the daily and 4-hour charts. The pound continued its rise after declining yesterday, after King's announcement that the interest rate is expected to incline in the coming period. The pair breached its highest level in 6 weeks at 1.6590. So far, the pound is trading at 1.6618, setting a high of 1.6627 and a low of 1.6345; while the coming support for the pair is seen at 1.6575 and the resistance is spotted at 1.6628.
The dollar-yen pair showed an upside tendency over daily basis, but on the 4-hour and 1-hour charts, the pair is inclining. The pair inclined towards the strong resistance at 91.71, which represents 38.2% Fibonacci retracement level to the downside trend that started on August 10. Presently, the pair is trading around 90.87, after hitting a high of 91.27 and a low of 90.47; while the pair is currently facing the coming support level at 90.27, while the resistance is spotted at 90.74.