Todaythe euro remained weak, having in mind that it dropped considerably during the day to a one month low against the yen after that European bond yields surged at auctions and Italy's 10-year yields surpassed the 7 percent entrance prompting other nations to seek bailout as well while that as an overall fears remain spread as the debt crisis on the EU soil remain unsolved.
Accordingly the pair is falling on the daily chart but starting to incline but only on the four-hour and one-hour charts on technical movements and is expected to rise further to the upside according to the one-hour stochastic oscillator with the pair is so far trading at 1.3543 recording a high of 1.3350 and a low of 1.3496. The trading range for today is among the major support at 1.4255 and the major resistance at 1.4560
As for the pound-dollar pair, it is slightly inclining but forecasted to drop according to the one-hour and four-hour momentum indicators, having the royal pound so far trading around 1.5831 recording a high of 1.5841 and a low of 1.5799, The trading range for today is among key support at 1.6225 and key resistance at 1.6715.
Now, turning to the dollar-yen pair, it is narrow as mixed signs are seen throughout different time scales momentum indicators, having the yen now trading at 77.00 recording a high of 77.05 and a low of 76.94. The trading range for today is among key support at 75.80 and key resistance now at 78.45.