(MENAFN– ecpulse)
Up till now throughout the US session and within the currencies trading market the green Benjamin remains weak after that it plummeted the most in three weeks amid bets Federal Reserve chairman nominee Janet Yellen may signal unabated monetary stimulus at a congressional hearing tomorrow.
As a result the euro is slightly rising to the upside on the four and daily charts sending in fact the EUR/USD pair to trade up around $1.3487 while recording the highest level of $1.3489 and lowest level of $1.3474, yet the pair may continue to rise to the upside according to the four-hour momentum indicators. The trading range for today is among the key support at 1.3260 and key resistance at 1.3555
As for the British Pound, it is climbing up to the upside strongly leading the GBP/USD pair to trade around $1.6051 while recording the highest level of $1.6056 and lowest of $1.6050 and is most probably going to start to fall as witnessed at several time scale within the stochastic oscialltor.The trading range for today is among the key support at 1.5720 and key resistance at 1.5985
Finally, the USD/JPY pair is actually consolidating at different time charts to trade around ¥99.27 while recording the highest level of ¥99.27 and lowest levels of ¥99.17. The trading range for today is among key support at 98.15 and key resistance at 101.55
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