So far, the green Federal currency remains strong throughout the currencies market as the world's superpower current economical recovery path seems to be accelerating with overall cheerful data being released, while that this week's coming data is forecasted to show further economical conditions enhancement.
Moreover, many European nations continue on struggling to pay their debts, which accordingly boosted the refuge appeal of the dollar in the eyes of the traders that are presently closing their positions ahead of the Christmas holidays.
As a result, the euro-dollar pair is plummeting, having the euro being pulled by the strengthened dollar and trading at 1.4288 recording a high of 1.4373 and a low of 1.4279 with a resistance at 1.4379 and a support at 1.4201, knowing that the pair may slip further to the downside according to the four-hour stochastic oscillator.
Furthermore, the pound-dollar pair is declining slightly as well as the dollar is presently advancing against the royal pound that is trading at 1.6053 recording a high of 1.6163 and a low of 1.6041 with a resistance at 1.6149 and a support at 1.5976, having in mind that the pair shows a strong tendency to climb to the upside on the four-hour and one-hour momentum indicators.
Now, turning to the dollar-yen pair, it is actually inclining slightly on the four-hour chart and narrow trading on the one-hour scale, having so far the low-yielding Japanese yen trading around 91.16 recording a high of 91.19 and a low of 90.22 with a resistance at 91.69 and a support witnessed at 89.64.