So far, the major pairs are narrow trading so far as a result of technical movements despite the prior strong strengthening of the dollar that permitted the currency to rebound from a 14-month low against the euro on speculations thatChina will withdraw stimulus measures and as initial claims increased in the U.S.

For instance, the dollar index, which tracks the green Benjamin in front of six currencies, is consolidated on the daily and four-hour charts to trade at 75.14 recording a high of 75.51 and a low of 75.00.

As a result, the euro-dollar pair is inclining slightly due to technical movements but may start inclining according to the four-hour stochastic oscillator, having the Union currency so far around 1.5010 recording a high of 1.5035 and a low of 1.4942 with a resistance at 1.5035 and a support at 1.4978.

As for the pound-dollar pair, it is narrow trading as well as a result of correctional movements, seeing the royal pound trading at 1.6608 recording a high of 1.6636 and a low of 1.6485 with a resistance at 1.6684 and a support at 1.6505, knowing that the pair shows a strong tendency to fall according to the four-hour momentum indicators.

Now, turning to the dollar-yen pair, it is narrow trading between a resistance level witnessed at 91.57 and a support witnessed at 91.12 as mixed signs are detected within the momentum indicators at different time scales, having the low-yielding yen trading at 91.32 recording a high of 91.70 and as low of 90.76.