Stronger dollar on fears…

By @ibtimes on

So far throughout the U.S session the green currency sees its refuge appeal boosted and therefore gained some momentum since that fears are persisting and actually expanding on the African oil-soil; Libya, where violence tempered optimism that the biggest equity rally since 1955 can continue a third year as energy costs ascend.

As a result the euro-dollar is plummeting and forecasted to slip to the downside according to the one-hour stochastic oscillator, having the Union currency so far trading 1.3899 recording a high of a 1.3941 and a low of 1.6136. The trading range for today is among the key support at 1.3365 and the key resistance at 1.3715.

As for the pound-dollar pair, it is narrow trading due to technical movements and is forecasted to not vary as momentum indicators at several time charts show neutral signs with royal pound now trading at 1.6202 recording a high of 1.6241 and a low of 1.6136. The trading range for today is among the key support at 1.5965 and the key resistance at 1.6300.

Now, turning to the dollar-yen, it is plunging due to a present strengthened low-yielding yen trading around 1.6200 recording a high of 1.6241 and a low of 1.6136 pulling down accordingly the dollar on current fears, having in mind that the pair shows signs of a further decline according to the four-hour stochastic oscillator. The trading range for today is among the key support at 81.05 and the key resistance at 84.25.

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