Up till now, traders' appetite for risk remains boosted as sentiments of optimism remain spread throughout overall markets, including the currencies market, as hopes were detected on an international scale since gains were witnessed throughout the global stock markets, which spurred demand for riskier assets and corroded accordingly the dollar's refuge appeal to have therefore the dollar index plummet on the four-hour scale and trade so far around 86.03 recording a high of 86.88 and a low of 85.92.
Plus the world's leading economy saw cheerful data released today to show that it's manufacturing sector extended its expansion, having in fact the Empire Manufacturing index for June rising to the upside to come in at 19.57 from 19.11 within the prior month, confirming that the country's industrial activity continues on recovering from the crisis.
As a result, the euro remains strong, where the EUR/USD pair is being targeted by traders to have accordingly the pair climbing to the upside on the daily scale and slightly on the four-hour chart with the Union currency now trading around $1.2331 recording a high of $1.2343 and a low of $1.2166 with a resistance at $1.2360 and a support at $1.2160, still the pair could start to plummet according to the four-hour stochastic oscillator.
As for the pound-dollar pair, recent hopes spread encouraged to target the high-yielding pound but the pair is so far narrow trading as a result of technical movements, having the royal pound recently trading around $1.4813 recording a high of $1.4835 and a low of $1.4860 with a resistance seen at $1.4850 and a support of $1.4730, knowing that the pair shows a strong tendency to drop to the downside according to the one-hour and four-hour momentum indicators.
Now, heading to the dollar-yen pair, it is consolidating between a resistance level that could be witnessed around 92.25 and a support level detected at 90.00 as a result of current technical movements taking place within the currencies market, having the pair now trading around 91.36 recording a high of 91.68 and a low of 91.06, knowing that the pair is forecasted to rise to the upside according to the one-hour and four-hour charts momentum indicators.