The Japanese yen and the greenback rebounded versus majors on Thursday after the fall in stocks which spurred demand on safety assets. The dollar index, a measure of the dollar movement's vis-à-vis six major currencies, climbed to 75.40 relative to Wednesday's closing at 75.04.
As regards to the euro-dollar pair, it is showing a sharp decline on the daily charts and 4-hour charts also, retracing all yesterday's gains. The pair fell after breaching the support level at 1.4900 in a tranquil day where there is no news from the euro zone. The pair is currently traded at 1.4870 recording a high of 1.4965 and a low of 1.4841, whereas the coming support is at 1.4845 and resistance at 1.4900.
As for the sterling-dollar pair, it is also declining on the daily and 4-hour charts despite the upbeat retail sales data which recorded the largest year on year progress in near year and a half. So far, the pound is trading at 1.6656 setting a high of 1.6751 and a low of 1.6640; while the coming support for the pair is seen at 1.6640 and the resistance is spotted at 1.6685.
With regard to the dollar-yen pair, it is continuing its sideways while showing a slight decline on the daily charts. Now, the pair is trading around 88.97 after hitting a high of 89.43 and a low of 88.82; while the pair is currently facing the coming support level at 88.70, while the resistance is spotted at 89.30.