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Pairs consolidate on a calm day…

Published 06/29/2011, 03:02 PM
Updated 06/29/2011, 03:04 PM

So far throughout the U.S session the major pairs are narrow trading within the currencies trading as it is a calm day for the superpower with only housing data released along with other minor indexes while that the overall revival of the country lost pace and strength as seen this week and this past period.

As a result of these technical movements the euro-dollar pair is narrow trading on several time charts as neutral signs are witnessed throughout the momentum indicators at different time scales with the Union currency now trading around 1.4426 recording a high of 1.4447 and a low of 1.4327.Trading range for today is among the major support 1.4235 and the major resistance 1.4545

As for the pound-dollar pair, is consolidating and is forecasted to start inclining to the upside according to the four-hour and one-hour stochastic oscillator, having in fact the royal pound so far trading around 1.6056 recording a high of 1.6073 and a low of 1.5969.Trading range for today is among the major support 1.6125 and the major resistance 1.6520

Now turning to the dollar-yen pair, it is actually consolidating on technical movements since that mixed signs are watched and seen throughout several time charts within the momentum indicators with the low-yielding yen now trading around 80.88 recording a high of 81.17 and a low of 80.55.The trading range for today is among the major support 79.00 and the major resistance 82.50.

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