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. Where the dollar index traded between the highest of 87.04 which represent its highest level since March the 15th, and the lowest of 86.21. Now the index trades around the 86.79 level. The US will release today its empire manufacturing index expected to fall in May, in addition to the net long-term TIC flows and the total net TIC flows for the month of March.

The euro against the dollar traded during the Asian session between the highest of 1.2365 and the lowest at 1.2233 which represents the lowest since April the 16th 2006. Now the pair is trading around the 1.2276 level, between 1.2235 and 1.2330. The hourly and four hours momentum indicators point that the pair is within an oversold area. The pair today may trade around 1.2440 if it breaches the 1.2385 levels, and may trade around 1.2160 if it breaches the 1.2190 levels.

The pound against the dollar also traded between the highest of 1.4488 and the lowest of 1.4249 which represents the lowest since March 31. Now the pair is trading around the 1.4332 levels between 1.4250 and 1.4335. The hourly momentum indicators point that the pair will rebound from an oversold area, while the daily and the four hours indicators point that the pair is within an oversold area. The pair today may trade around 1.4455 if it breaches the 1.4395 levels, and may trade around 1.4125 if it breaches the 1.4195 levels.

The dollar against the yen traded between the highest of 92.37 and the lowest of 91.75. Now the pair is trading around 91.86 levels between 91.80 and 92.20. Japan will release later today the Tertiary industry index expected to fall in March, in addition to the consumers' confidence index and the confidence in the household sector which are expected to improve. The hourly and four hours momentum indicators point that the pair is within an oversold area, while the daily indicators show the pair will rebound from and overbought area. The pair today may trade around 93.10 if it breaches the 92.65 levels, and may trade around 90.65 if it breaches the 91.10 levels.