The U.S. dollar recouped some of its losses after U.S. retail sales for March beat analyst's anticipations. The dollar index, which tracks the dollar movements versus a basket of major currencies, rebounded from a low of 80.18, as it approached strong support at 80.07, to 80.35 while it opened at 80.42. However, higher-yielding currencies are still showing advance as stocks bounced on recovery hopes.
With regard to the euro-dollar pair, it is showing slight incline on the daily charts after facing downside pressure from the 4-hour and 1-hour charts. The pair slid to 1.3622 after recording a high of 1.3621 and a low of 1.3594, where the coming support is seen at 1.3590 and next resistance is at 1.3670. The euro is still boosted by the 45 billion euros aid to Greece; however, worries that Greece along with other will not be able to tackle its deficit are still persisting.
As for the sterling-dollar pair, it is showing incline on the daily charts reaching to 1.5439 in the absence of economic data from the U.K. Today, the pair reached a high of 1.5458 and a low of 1.5369 while it is expected to move between support at 1.5380 and resistance at 1.5455 then 1.5500.
Relative to the dollar-yen pair, it is moving to the upside on the daily and 4-hour charts. The pair stopped its advance after touching cluster resistance at 93.76. Meanwhile, the pair is trading at 93.47 after reaching a high of 93.71 and a low of 93.14, whereas support is seen at 92.55 while resistance is at 94.00.