The green currency rebounded today from its lowest level this year against a basket of major currencies, as indicted by the dollar index, which is now at 76.54 from the opening at 76.19. Lower yielding currencies strengthened today on financial concerns, after Lloyds Bank in
The euro-dollar pair is correction to the downside on the daily charts, according to the Stochastic Oscillator momentum indicator. However, the pair is still overbought after the euro had reached its highest level in a year versus the dollar. On the 4-hour and 1-hour charts, the pair is showing slight incline. Today, euro zone released its current account for July showing improvement, but the euro continued its slide. Meanwhile, the euro is traded at 1.4676 recording a high of 1.4748 and low of 1.4646, where the pair is supported by 1.4666 and faces the coming resistance of 1.4708.
The sterling-dollar pair is inclining on the daily charts, but showing an upside bias on the 4-hour charts. The pound inclined after the news from its 2-week low at 1.6300 to 1.6350. So far, the pound is traded at 1.6348, setting a high of 1.6452 and a low of 1.6295; while the coming support for the pair is seen at 1.6320, and the resistance is spotted at 1.6360.
The dollar-yen pair is inclining on the daily and 4-hour charts. The pair rebounded slightly from the downside trend that started on August 10. This week, the greenback touched its lowest in seven-month versus the yen. Now, the pair is trading around 91.25, after hitting a high of 91.47 and a low of 90.98; while the pair is currently facing the coming support level at 91.15, while the resistance is spotted at 91.37.