Pairs narrow trading…

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So far the major pairs are narrow trading due to technical movements throughout the currencies market, while that the Federal currency advanced to a Three-Month high within the prior EU session as the existing home sales inclined more than forecasts last month, indicating that the world's superpower housing sector is enhancing further.

Consequently, the euro-dollar pair is currently narrow trading as a result of technical movements, knowing that the green Benjamin reached a three-month high against the euro, having the Union currency so far trading at 1.4270 recording a high of 1.4331 and a low of 1.4215 with a resistance at 1.4353 and a support at 1.4154, while the pair is forecasted to climb to the upside according to the one-hour stochastic oscillator.

As for the pound-dollar pair, it is consolidating so far on correctional movements and shows a tendency to incline on the four-hour and one-hour momentum indicators, having the royal pound trading currently around 1.5977 recording a high of 1.6099 and a low of 1.5919 with a resistance at 1.6066 and a support at 1.5831.

Now, turning to the dollar-yen pair, it is so far narrow trading between a resistance level witnessed at 92.58 and a support level detected at 86.64, knowing that the dollar has actually reached today a 7-week month-high against the yen, having the low-yielding Japanese yen trading so far at 91.77 recording a high of 91.86 and a low of 90.98.

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