Today movements in the market are at very narrow ranges due to lack of fundamentals from the U.S. Meanwhile, there is still pessimism in markets since the release of the labor data in the U.S. and euro zone. The dollar index is at its opening price which is 80.34, reflecting the slight movements of majors against the federal currency.
The euro-dollar pair is showing a decline on the 4-hour charts according to Stochastic Oscillator momentum indicator. On the daily charts, the pair is inclining slightly. Data released today in Germany came better than expected; however, it did not boost the demand on the euro. Meanwhile, the euro is trading at 1.3985 recording a high of 1.4050 and low of 1.3902 along with support at 1.3965 and resistance at 1.4027.
Relative to the pound-dollar pair, it is also showing a decline on the 4-hour and daily charts. U.K. released its industrial production for May coming in at -0.6%, worse than the revised prior reading of 0.2% from 0.3%, and manufacturing production came in at -0.5%, worse than the revised preceding flat reading from 0.2%. So far, the pound is trading at 1.63185 reaching a high of 1.6293 and a low of 1.6148 with support at 1.6123 and resistance at 1.6257.
With regard to the dollar-yen pair, it is moving sideways on the 4-hour charts close to the 76.4% Fibonacci level. Now, the yen is traded at 95.14 hitting a high of 95.44 and a low of 94.93 along with support at 95.02 and resistance at 95.35.