So far today, the green Benjamin was able to reach a three-month high against the euro as the overall outlook of the world's superpower is enhancing according to the statement released by the Federal Open Market Committee, while that the dollar refuge appeal was boosted on mounting concerns regarding global economies widened budget deficits, having presently Greece witnessing an extreme hard time to pay their debts.
However, major pairs are currently narrow trading as correctional movements are taking place after the considerable strengthening of the Federal currency throughout the prior EU session.
As a result, the euro-dollar pair is narrow trading so far and is forecasted to rise to the upside according to the four-hour scale stochastic oscillator, having the euro trading at 1.4330 recording a high of 1.4537 and a low of 1.4301 with a resistance at 1.4464 and a support at 1.4053.
As for the pound-dollar pair, it is so far climbing slightly to the upside due to correctional movements, having the royal pound so far trading at 1.6177 recording a high of 1.6339 and a low of 1.6077 along with a resistance at 1.6242 and a support at 1.6124, knowing that the pairs shows a tendency to incline further on the four-hour momentum indicators.
Now, turning to the dollar-yen pair, it is plummeting so far as the yen refuge appeal remains boosted strongly due to current fears spread, having the low-yielding Japanese yen trading at 89.91 recording a high of 90.36 and a low of 89.53 with a resistance at 90.78 and a support at 89.15.