Major currencies traded in a narrow range with an upward bias against the dollar during the Asian session, to offset a part of its losses against the greenback, where the dollar index traded between the lowest of 80.22 and highest of 80.40 which is near the levels at which started trading from. The index now trades around the 80.29 level. The largest economy in the world will release today EIA oil inventories report as well as the ADP employment change expected to show a slight improvement and Beige Book. There will also be the ISM non-manufacturing index for services, which is expected to rise to 51.0, and all this data is capable of affecting the greenback trading duringtoday.

The euro/dollar pair traded in a narrow range with an upward bias during the Asian session, between the highest of 1.3654 and the lowest of 1.3614. The pair now trades at 1.3641 levels between the 1.3575 and 1.3655 levels. Today the German economywill release its retail sales, which are expected decline. Meanwhile both Germany and EU will release final reading of the PMI services, expected to be unchanged from the previous preliminary reading, and this could affect the pair trading today. The hourly momentum indicators show that the pair reached an and overbought area, as for the 4 hours and the daily momentum indicators, they show that the pair rebounded from an oversold area. The pair might trade today around the 1.3670 level if it manages to breach the 1.3720, and might trade around the 1.3485 if it breaches the 1.3525 level.

The pound against dollar also traded in narrow range during the Asian session, between highest of 1.5040 and lowest of 1.5010. The pair now is trading at 1.5040 level, and between the 1.4985 and 1.5060 levels. The hourly momentum indicators show that the pair rebounded from an overbought area, as for the 4 hours and daily indicators they show that the pair is still rebounding from an oversold area. The pair is expected to trade around the 1.5085 level if it manages to breach the 1.5150, and might trade around the 1.4900 if it breaches the 1.4945 level.

The dollar against the yen traded during the Asian session between the highest of 88.81 and the lowest of 88.46. The pair is now trading around the 88.78 level between 88.78 and 88.50 levels. The hourly momentum indicators show that the pair rebounded from an oversold area despite still being close to an overbought area. As for the 4 hours and the daily momentum indicators, they show the possibility of a positive crossover in an oversold area. The pair is expected to trade around the 89.00 level if it manages to breach the 89.70, and might trade around the 87.75 if it breaches the 88.20 level.