Similar to the prior past EU session, the Union currency remains on gaining momentum throughout the US session within the currencies market since that is now strongly speculated that Europe will step up measures to control and ease its unending and unsolved debt crisis by actually expanding aid for nations that are struggling to finance their debt.
Accordingly the euro-dollar continues on inclining to the upside as hopes spread on the EU soil keep on boosting the strength of the euro that is so far trading around 1.3099 recording a high of 1.3113 and a low of 1.2959, still the pair may start plunging according to the one-hour and four-hour stochastic oscillator. The trading range for today is among the key support at 1.2800 and the key resistance at 1.3200.
As for the pound-dollar pair, it is climbing to the upside as well due the current optimism detected with the royal pound so far trading at 1.5761 recording a high of 1.5768 and a low of 1.5580 knowing that the pair is highly forecasted to start declining on the one-hour and four-hour momentum indicators. The trading range for today is among the key support at 1.5510 and the key resistance at 1.5800.
Now, turning to dollar-yen pair, it is actually predicted to rise to the upside according to the one-hour stochastic oscillator but is now plummeting to the downside as the present weakened green Benjamin is pulled to the downside with the low-yielding Japanese now trading around 83.05 recording a high of 83.45 and a low of 82.96. The trading range for today is among the key support at 81.05 and the key resistance at 84.25.