The U.S. dollar inclined against majors today rebounding from its lowest level since March 18 after getting strong support at 80.07 as seen by the dollar index, which tracks the dollar movements versus a basket of major currencies, which is currently trading at 80.58 from the day's opening at 80.20 while it touched a high of 80.73 and a low of 80.14 after a mixed U.S. data that slightly affected the dollar movements.
With regard to the euro-dollar pair, it is showing decline on the daily charts but facing upward pressure from the 4-hour and 1-hour charts. The euro pared its advance in the previous two sessions on concerns that Greece may not be able to encounter its widened deficit despite the EU and IMF aid. Yield on the Greek bonds surged today putting further downward on the 16-nation currency. Currently, the pair is trading at 1.3554 after reaching a high of 1.3666 and a low of 1.3519, whereas support is seen at 1.3500 while resistance is at 1.3670.
As for the sterling-dollar pair, it is showing slight decline on the daily charts after getting support from the 4-hour and 1-hour charts, where the pair rebounded to 1.5442 after falling to a low of 1.5383. Today's data showed that U.K. consumer confidence plummeted in March, while, on the other hand, polls results showed that Conservatives lead over Labour party increased, thereby lowering worries of having minority government. Today, the pair reached a high of 1.5523 and a while it is expected to move between support at 1.5380 and resistance at 1.5500.
Relative to the dollar-yen pair, it is moving to the upside on the daily and 4-hour charts after falling earlier today to a low of 92.88. However, the pair is expected to face cluster resistance at 93.76, while meanwhile it is trading at 93.40 after reaching a high of 93.52 and, whereas support is seen at 92.55 while resistance is at 94.00.