The euro fell slightly against the dollar in today's Asian session following a sharp decline yesterday, while thepound is consolidating along with a rallying yen. The USDIX fell slightly recording a low of 76.25 and a high of 76.56.
The euro dollar pair fell slightly recording a low of 1.4710 and a high of 1.4753, having the 16 nation's currency trading around 1.4720. Yesterday the pair fell from the 1.4845 level back to the 1.4700 levels and today it is having a support at 1.4700 along with a resistance at 1.4755. Fundamentals concerning initial claims and existing home sales in the U.S will be released today and they tend to move the market on release. However, the pair is trading in an oversold area according to the four hours stochastic oscillator and it may breach the support to be trading near the 1.4675 levels.
The pound dollar pair is consolidating between 16330 and 1.6390 recording a high of 1.6386 and a low of 1.6332, having the royal pound trading around 1.6365. The pair is having a resistance at 1.6400 along with a support at 1.6315. If the pair breached the resistance it will target 1.6455, worth mentioning that momentum indicators on the daily charts are supporting the upside.
Finally, the dollar yen pair declined sharply recording a low of 90.76 and a high of 91.32. The pair fell from the 91.35 back to the 90.75 levels after fundamentals today showed that