Majors traded with a downside bias against the US dollar during today's Asian session. The dollar index traded between the highest of 87.02 and the lowest of 86.68. Now the index trades around the 86.79 level. The US will release today its pending home sales expected to rise only by 5.0% in April from the previous 5.3%.

The euro against the dollar traded during the Asian session between the highest of 1.2262 and the lowest at 1.2184. Now the pair is trading around the 1.2225 level, between 1.2175 and 1.2240. The EU will release today its PPI index for the month of April which might rise to 0.7% from the previous 0.6%. The hourly, four hours and daily momentum indicators point that the pair might rebound from an overbought area. The pair today may trade around 1.2335 if it breaches the 1.2280 levels, and may trade around 1.2100 if it breaches the 1.2135 levels.

The pound against the dollar traded between the highest of 1.4747 and the lowest of 1.4644. Now the pair is trading around the 1.4509 levels between 1.4470 and 1.4530. The UK will release today several economic data from which the final reading of the M4 money supply in addition to the PMI construction which might fall in May to 58.0 from the previous 58.2. The hourly momentum indicators point that the pair might rebound from an overbought area, but the four hours and daily indicators point that the pair is within an overbought area. The pair today may trade around 1.4850 if it breaches the 1.4810 levels, and may trade around 1.4635 if it breaches the 1.4700 levels.

The dollar against the yen traded between the highest of 91.77 and the lowest of 90.01. Now the pair is trading around 91.40 levels between 90.70 and 91.45. The hourly and daily momentum indicators point that the pair might rebound from an overbought area. However, the four hours indicators show the pair in within an overbought area. The pair today may trade around 92.30 if it breaches the 91.95 levels, and may trade around 89.60 if it breaches the 90.00 levels.