Majors traded in narrow ranges with a downside bias against the dollar during today's Asian session. The dollar index traded between the highest of 85.88 and the lowest of 85.59. Now the index trades around the 85.67 level. The US will release today its existing home sales expected to rise by 5.6%.

The euro against the dollar traded during the Asian session between the highest of 1.2538 and the lowest at 1.2480. Now the pair is trading around the 1.2517 level, between 1.2470 and 1.2550. volume in Europe will be less than normal due to the holiday seen in some countries of the region. The hourly momentum indicators point that the pair might rebound from an oversold area, while the four hours indicators point that the pair might rebound from an overbought area. As for the daily indicators they show the pair might witness a negative crossover in an overbought area. The pair today may trade around 1.2645 if it breaches the 1.2630 levels, and may trade around 1.2410 if it breaches the 1.2430 levels.

The pound against the dollar traded between the highest of 1.4496 and the lowest of 1.4413. Now the pair is trading around the 1.4495 levels between 1.4445 and 1.4520. The hourly and daily momentum indicators point that the pair is within overbought area, as for the four hours indicators show the pair might witness a negative crossover in an overbought area. The pair today may trade around 1.4715 if it breaches the 1.4600 levels, and may trade around 1.4365 if it breaches the 1.4415 levels.

The dollar against the yen traded between the highest of 90.32 and the lowest of 89.73. Now the pair is trading around 90.30 levels between 89.65 and 90.50. Bank of Japan will release today its monthly report while the economy released the all industry activity index which fell in March to -0.8% from -2.3% previous. The hourly and four hours momentum indicators point that the pair might rebound from an overbought area, as for the daily indicators they show that the might witness a positive crossover within an oversold area. The pair today may trade around 91.65 if it breaches the 91.05 levels, and may trade around 88.70 if it breaches the 89.00 levels.