Majors traded in narrow ranges against the US dollar during today's Asian session with some downside bias as investors lost their appetite for risk after the release of the disappointing GDP yesterday which showed that the US economy grew less than expected. The dollar index traded between the highest of 86.66 and the lowest of 86.23. Now the index trades around the 86.57 level. The US will also release today its Chicago's PMI as well as the consumer confidence and the personal spending index which is expected to decline during April.

The euro against the dollar traded during the Asian session between the highest of 1.2368 and the lowest at 1.2281. Now the pair is trading around the 1.2301 level, between 1.2290 and 1.2360. The hourly and daily momentum indicators point that the pair might witness a positive crossover within an oversold area. As for the four hours indicators they indicate the pair might rebound from an overbought area. The pair today may trade around 1.2470 if it breaches the 1.2420 levels, and may trade around 1.2170 if it breaches the 1.2205 levels.

The pound against the dollar traded between the highest of 1.4577 and the lowest of 1.4530. Now the pair is trading around the 1.4546 levels between 1.4530 and 1.4625. The hourly momentum indicators point that the pair is within oversold area. While the four hours indicators point the pair might witness a negative crossover within an overbought area. As for the dalily indicators they show the pair is within an oversold area. The pair today may trade around 1.4740 if it breaches the 1.4700 levels, and may trade around 1.4380 if it breaches the 1.4460 levels.

The dollar against the yen traded between the highest of 91.35 and the lowest of 90.89. Now the pair is trading around 90.09 levels between 90.70 and 91.25. The hourly momentum indicators point that the pair might rebound from an overbought area, as for the four hours indicators show the pair might witness a negative crossover within an overbought area. The daily indicators show the pair might rebound from an oversold area. The pair today may trade around 92.25 if it breaches the 91.60 levels, and may trade around 89.60 if it breaches the 90.00 levels.