Throughout the past EU session the Union currency fell considerably against other major counterparts since that European showed divisions about how to contain the sovereign-debt unending and unsolved crisis while that fears remain spread as fears mounted mainly after last week gloomy jobs report a unexpected higher jobless rate of 9.8 percent from a prior reading of 9.6 percent and a slower-than-estimated growth in payrolls of the country, indicating that that the U.S recovery is faltering.
However present technical movements permitted the euro to gain slender momentum to watch the euro-dollar incline slightly and may climb up to the upside further according to the one-hour and four-hour stochastic oscillator, having the euro now trading around 1.3304 recording a high of 1.3422 and a low of 1.3244. The trading range for today is among the key support at 1.3185 and the key resistance at 1.3685.
As for the pound-dollar pair, it is now narrow trading as a result of the current technical movements but shows signs of a forecasted incline according to the four-hour momentum indicators, having the royal pound now trading around 1.5703 recording a high of 1.5773 and a low of 1.5653. The trading range for today is among the key support at 1.5510 and the key resistance at 1.6075.
Now, turning to the dollar-yen pair, it is so far consolidating as mixed signs are witnessed throughout the momentum indicators at different time-scales, having the low-yielding Japanese yen trading around 82.64 recording a high of 82.99 and a low of 82.59. The trading range for today is among the key support at 81.05 and the key resistance at 85.95.