So far, an overall narrow trading is taking place throughout the currencies market as traders are closing positions and due to technical movements, still the dollar index, which represents the strength of the green currency in front of a basket of currencies, plummeted deeply on a daily scale as the unexpected incline of the U.S confidence boosted up slightly the appetite of risk, corroding accordingly the dollar refuge appeal.

As a result, the euro-dollar pair is trading within narrow ranges as a result of correctional movements, having the Union currency trading so far around 1.4572 recording a high of 1.4636 and a low of 1.4551 with a resistance at 1.4608 and a support at 1.4537, knowing that the pair is forecasted to slump deeply according to the one-hour and the four-hour charts stochastic oscillator.

Now, turning to the pound-dollar pair, it is consolidated as well due to technical movements and shows a tendency to fall according to the four-hour momentum indicators, having the royal pound trading at 1.6680 recording a high of 1.6741 and a low of 1.6641 with a resistance at 1.6704 and a support at 1.6640.

As for the dollar-yen pair, it is consolidating between a resistance witnessed at 90.63 and a support level detected at 90.27 with a low-yielding yen trading at 90.49 recording a high of 91.79 and a low of 90.19, having in mind that the pair may raise slightly to the upside according to several time-scales momentum indicators.