So far throughout the currencies market and within the U.S session the major pairs are narrow trading on technical movements despite of gloomy and worse-tan-forecasted gloomy data posted out from the U.S economy today knowing that the euro plunged once again on a daily scale against the green Benjamin as European leaders postponed the funding of regional bailout mechanism.
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 1.4123 recording a high of 1.4214 and a low of 1.4098.The trading range for today is among the key support at 1.3365 and the key resistance at 1.3715.
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 1.6242 recording a high of 1.6382 and a low of 1.6217.The trading range for today is among the key support at 1.5965 and the key resistance at 1.6300.
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 80.82 recording a high of 81.07 and a low of 80.68.The trading range for today is among the key support at 81.05 and the key resistance at 84.25.