The dollar refuge appeal gained strength so far throughout the currencies market trading as fears were spread and remain present after that the U.S commerce department showed that the superpower's trade deficit widened in March while that the it is speculated that European leaders are slowing the drive to grant Greece additional aid, which accordingly corroded the Union currency appeal.
As a result of this strengthened dollar and weak euro the euro-dollar pair is plummeting of course being pulled by a stronger green Benjamin on several time charts but forecasted to start inclining as seen throughout the momentum indicators at different time scales as well with the Union currency now trading around 1.4216 recording a high of 1.4422 and a low of 1.41977.The trading range for today is among the major support at 1.4265 and the major resistance at 1.4640.
As for the pound-dollar pair, it is consolidating on technical movements 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 1.6353 recording a high of 1.6519 and a low of 1.6343.The trading range for today is among the major support at 1.6210 and the major resistance at 1.6525.
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 80.84 recording a high of 81.32 and a low of 80.61.The trading range for today is among the major support at 79.00 and the major resistance at 82.50.