Calmness is dominating currency market today, in the absence of important economic fundamentals from major economies. The U.S. dollar is still unable to recuperate from its fall that took place after the non-farm payrolls report released last Friday. The dollar index, which tracks the dollar movements against a basket of major currencies, inched up to 77.05 from the day's opening at 77.01, after reaching a high of 77.30 in Asia.
The euro-dollar pair slightly declined on the daily and 4-hour charts, after European stocks tumbled following Alcoa's downbeat earnings. The euro is still close to 3-weeks high against the dollar despite its current fall and its earlier drop to a low of 1.4451. The pair is traded at 1.4470, recording a high of 1.4521, while it faces next resistance at 1.4515 and support is seen at 1.4435.
The sterling-dollar pair consolidatedon the daily charts, but showing decline on the 4-hour and 1-hour charts. U.K.'s trade deficit narrowed in November, but house prices measure, on the other hand, fell surprisingly also in November, according to the data released today. The pair is traded at 1.6128 after setting a high of 1.6162 and a low of 1.6061; while the coming support for the pair is seen at 1.6085 and the resistance is spotted at 1.6190.
The dollar-yen pairdeclinedon the daily charts for the third day, more specifically since the announcement of the new Japanese Finance that the yen value should be set by the market value and after the NFP report. The pair is currently close to the strong support at 91.70, which represents 23.6% Fibonacci retracement to the upside trend that started in December. The pair hit a high of 92.42 and a low of 91.57, while it is currently facing the coming support level at 91.25, while the resistance is spotted at 92.25.