Majors moved in tight ranges against the dollar with some upside bias during the Asian session, where the dollar index traded between the lowest of 81.96 and the highest of 82.14. The index now trades around 81.97. The US will release today the weekly jobless claims. Germany will release the unemployment rate. EU will release some confidence data. While UK will release the mortgage approvals and the M4 money supply.

The euro traded today between the highest of 1.3014 and the lowest of 1.2977. Now it trades around 1.3013, between 1.2990 and 1.3030. The hourly, four hours and daily momentum indicators show the pair is within an overbought area. The pair may target the 1.3090 if it breaches the 1.3065, and may target the 1.2945 level if it breaches the 1.2965.

The pound traded today between the highest of 1.5622 and the lowest of 1.5582. Now it trades around 1.5616, between 1.5580 and 1.5620. The hourly momentum indicators show the pair will rebound from an oversold area, but the four hours and daily indicators show the pair is within an overbought area. The pair may target the 1.5745 if it breaches the 1.5695, and may target the 1.5495 level if it breaches the 1.5540.

The dollar against the yen traded today between the highest of 87.44 and the lowest of 87.11. Now it trades around 87.18, between 87.25 and 87.95. The hourly and four hours momentum indicators show the pair is within an oversold area, while the daily indicators show the pair is within an overbought area. The pair may target the 89.60 if it breaches the 88.80, and may target the 86.30 level if it breaches the 86.80.