Today we witnessed calm trading in the Asian session, as the euro and the pound slightly rose against the federal currency, and the USDIX that tracks the dollar's strength against a basket of major currencies recorded a low of 84.66 and a high of 84.84, while the index is currently trading around 84.72.

The euro dollar pair recorded a high of 1.2660 and a low of 1.2626, having the pair currently trading around 1.2644 between the 1.2600 levels and 1.2665 levels. The pair is trading in the overbought area according to momentum indicators on the four hour and daily charts, and today's trading range shall be between 1.2700 levels and 1.2560 levels.

Regarding the pound dollar pair, it recorded a high of 1.4864 and a low of 1.4813, having the royal currency trading around 1.4853 between the 1.4810 levels and 1.4850 levels. The pair is expected to show further gains today according to the stochastic oscillator on the daily charts, and today's trading range might be between 1.4930 levels and 1.4755 levels.

Finally, the dollar yen pair trading between a high of 93.25 and a low of 93.11, and the pair is currently trading around 93.20 between the 92.65 levels and 93.30 levels. Today's trading range should be between 94.00 levels and 92.30 levels and if the pair breached the resistance it will jump to the 94.80 levels. Yet, the four hour stochastic oscillator is supporting the upside.