Despite the prior strengthening of the majors of the majors in the prior EU session as a result of mounting signs of a global recovery from the crisis after that the world's largest economy had its second quarter final reading of its GDP contracting unexpectedly to -0.7% which was better than the market forecasts and the prior contraction, now the pairs are narrow trading due to rough technical movements.

As a result, the euro-dollar pair is narrow trading around a resistance of 1.4664 and a support at 1.4615 as mixed signs are detected throughout the four-hour and one-hour momentum indicators, having the Union currency trading at 1.4646 recorded a high of 1.4673 and a low of 1.4574.

As for the pound-dollar, it is so far slightly plummeting and may slip further to the downside according to the four-hour stochastic oscillator, having the royal pound trading around 1.6001 recording a high of 1.6124 and a low of 1.5942 with a resistance at 1.6028 and a support at 1.5965.

Now, turning to the dollar-yen pair, it is narrow trading but shows a tendency to rise to the upside according to the one-hour and four-hour momentum indicators, having the low-yielding yen trading at 89.69 recording a high of 90.40 and a low of 89.34 with a resistance at 89.90 and a support at 89.44.