So far the major pairs are consolidating due to present technical movements while that on the daily scale the green Benjamin fell for the 10th consecutive day and to the lowest level witnessed in 17 years after that a slower manufacturing growth was witnessed throughout the superpower today for the month of April, speculating accordingly that the Federal Reserve will maintain its record-low rates while that the al-Qaeda leader; Osama bin Laden has been killed.

As a result of these technical movements the euro-dollar pair is narrow trading on several time charts as neutral signs are witnessed throughout the momentum indicators at different time scales with the Union currency now trading around 1.4878 recording a high of 1.4905 and a low of 1.4761.The trading range for this week is among the major support at 1.4200 and the major resistance at 1.4725.

As for the pound-dollar pair, is consolidating and is forecasted to start inclining to the upside according to the four-hour and one-hour stochastic oscillator, having in fact the royal pound so far trading around 1.6668 recording a high of 1.6737 and a low of 1.6641.The trading range for this week is among the major support at 1.6110 and the major resistance at 1.6690.

Now turning to the dollar-yen pair, it is actually consolidating on technical movements since that mixed signs are watched and seen throughout several time charts within the momentum indicators with the low-yielding yen now trading around 81.20 recording a high of 81.68 and a low of 80.99.The trading range for this week is among the major support at 80.60 and the major resistance at 85.65.