So far, major pairs are narrow-trading due to technical movements after that the green Benjamin strengthened strongly and considerably within the previous EU session throughout the currencies market as U.S. industrial production rose last month less than economists forecast, which boosted the appeal of the dollar as a refuge.

In fact, the euro-dollar is currently inclining slightly on the four-hour chart after that the dollar advanced significantly in front of the euro for the first time in three days, having so far the Union currency trading at 1.4852 recording a high of 1.4998 and a low of 1.4804 with a resistance at 1.4882 and a support at 1.4840, having in mind that the pair may rise further to the upside according to the one-hour momentum indicators.

While the pound-dollar pair is narrow trading so far and is forecasted to slump to the downside according to the four-hour and one-hour stochastic oscillator, having the royal pound trading at 1.6798 recording a high of 1.6871 and a low of 1.6753 with a resistance at 1.6850 and a support at 1.6725.

Furthermore, the dollar-yen pair is so far consolidating between a resistance level witnessed at 89.74 and a support level detected at 88.96 as mixed signs are seen throughout the momentum indicators at different time scales, having the yen trading at 89.23 recording a high of 89.53 and a low of 88.74.