Today trading is very thin due to lack of fundamentals from the U.S. due to the Independence Day holiday. Majors are now steady against the U.S. dollar that is at the same level of yesterday's closing, according to the dollar index which is now at 80.29. The impact of the downbeat unemployment data released yesterday in the U.S. is easing.
The euro-dollar pair is moving around at the 23.6% Fibonacci level at 1.3995. Today the Euro Zone released its PMI services showing improvement, while retail sales deteriorated further. The ECB yesterday kept the interest rate unchanged at 1% and announced that the bank will start buying bonds on July 6. Meanwhile, the euro is trading at 1.4004 recording a high of 1.4027and low of 1.3926 along with support at 1.3920 and resistance at 1.4060.
Relative to the pound-dollar pair, it is also showing a decline on the 4-hour and daily charts. PMI services came better than expectations, yet less than he prior. So far, the pound is trading at 1.6339 reaching a high of 1.6427 and a low of 1.6301 with support at 1.6300 and resistance at 1.6367.
With regard to the dollar-yen pair, it is moving close to the 61.8% Fibonacci level. The pair steadied after yesterday's decline when the yen strengthened against majors after the jobs report. Now, the yen is traded at 95.97 hitting a high of 96.11 and a low of 95.69 along with support at 95.64 and resistance at 96.36.