The dollar gains against majors
![]( "The dollar gains against majors")
The dollar strengthened today against majors, as the USDIX inclined to 79.81. The inclining ISM manufacturing index in the U.S helped the dollar to rally.
The euro dollar pair declined today after reaching the 1.4200 level, during yesterday's trades. It broke the 1.4150 level, recording a high of 1.4152 and a low of 1.4101. This had come after the cheerful reading of ISM manufacturing index, which had reached 44.8 in June from a prior 42.8. The pair is having a resistance at 1.4130 and a support at 1.4100. Moreover, if the pair moved below the support level it will be targeting 1.4050. The unemployment rate in the U.S will be released today, as it may affect the pair's trend on release, while momentum indicators are supporting the downtrend.
As for the pound dollar pair, it declined reaching a low of 1.6451 and a high of 1.6500. The pair is having a resistance at 1.6495, along with a support at 1.6445 and if it managed to break the support level it will have a next support at the 1.6400 level. According to the stochastic on the one hour chart; the pair is currently trading in an oversold area.
Finally, the dollar yen pair declined to reach a high of 96.71 and a low of 96.37 as it faces a support at 96.45, along with a resistance at 96.70. If the pair broke the support level it will be targeting 96.25. The pair is moving towards the oversold area according to the stochastic oscillator on the four hours chart.