Majors traded in a narrow range against the greenback, with some downside bias against the yen and the dollar during today's Asian session amid continued fears that determined the investors to look far lower yielding assets. The dollar index traded between the highest of 86.55 and the lowest of 86.18. Now the index trades around the 86.53 level. The US will release today its building permits and housing starts reports, both expected to improve, which might give additional support to the greenback rise.

The euro against the dollar traded during the Asian session between the highest of 1.2386 and the lowest at 1.2313. Now the pair is trading around the 1.2339 level, between 1.2330 and 1.2385. Germany will release today its ZEW survey for economic sentiment and current conditions. Meanwhile the EU will release it ZEW survey for economic sentiment which is expected to fall, as well as the CPI and the trade balance which might show a wider surplus. The hourly and daily momentum indicators point that the pair might witness a positive crossover in an oversold area, while the four hours indicators point that the pair might witness a negative crossover in an overbought area. The pair today may trade around 1.2500 if it breaches the 1.2440 levels, and may trade around 1.2190 if it breaches the 1.2235 levels.

The pound against the dollar traded between the highest of 1.4473 and the lowest of 1.4405. Now the pair is trading around the 1.4437 levels between 1.4340 and 1.4450. the UK will release today its CPI as well as the RPI. The hourly and daily momentum indicators point that the pair might witness a positive crossover in an oversold area, while the four hours indicators point that the pair might witness a negative crossover in an overbought area. The pair today may trade around 1.4525 if it breaches the 1.4470 levels, and may trade around 1.4195 if it breaches the 1.4250 levels.

The dollar against the yen traded between the highest of 92.60 and the lowest of 92.32. Now the pair is trading around 92.44 levels between 92.40 and 92.85. Japan will release later today the final reading for its industrial production and capacity utilization. The hourly and daily momentum indicators point that the pair is within an oversold area, while the daily indicators show the pair in within an overbought area. The pair today may trade around 93.85 if it breaches the 93.30 levels, and may trade around 91.45 if it breaches the 91.80 levels.