Majors continued to weaken against the dollar during today's Asian session, persisting in yesterday's downside trend, which started after the major losses the greenback witnessed during last week. The dollar index traded between the lowest 85.74 and the highest 86.09. The index now is trading around 85.99. The US will release today its existing home sales for May which are expected to reach to 6.12 million compared with 5.77 million in April.

The euro against the dollar traded during the Asian session between the highest of 1.2353 and the lowest of 1.2284. Now the pair is trading around the 1.2306 level, between 1.2300 and 1.2330. Germany will release today the IFO business climate while the EU will release the seasonally adjusted current account. The hourly and four hours momentum indicators point that the pair is within an oversold area. While the daily indicators show the pair might rebound from an overbought area. The pair today may trade around 1.2430 if it breaches the 1.2360 levels, and may trade around 1.2215 if it breaches the 1.2250 levels.

The pound against the dollar traded between the highest of 1.4796 and the lowest of 1.4747. Now the pair is trading around the 1.4767 levels between 1.4735 and 1.4770. UK will release today its budget report. The hourly and daily momentum indicators point that the pair might rebound from an overbought area. While the four hours indicators show that the pair might witness a positive crossover within an oversold area. The pair today may trade around 1.4930 if it breaches the 1.4850 levels, and may trade around 1.4635 if it breaches the 1.4700 levels.

The dollar against the yen traded between the highest of 91.10 and the lowest of 90.86. Now the pair is trading around 90.93 levels between 92.60 and 91.45. The hourly and four hours momentum indicators show the pair might rebound from an overbought area. While the daily indicators show the pair might rebound from an oversold area. The pair today may trade around 92.70 if it breaches the 92.25 levels, and may trade around 89.55 if it breaches the 90.00 levels.