Majors traded in narrow ranges during the Asian session, where the dollar index recorded the lowest of 82.45 and the highest of 82.63. The index now trades around 82.48. The US will release today the housing starts and building permits for the month of June, while Canada will release its rate decision expected to rise to 0.75% from 0.50%. Meanwhile Germany will release its producer price index for June, Switzerland will release its trade balance reading and UK will release its M4 money supply and public finances as well as public sector net borrowing.

The euro traded today between the highest of 1.2973 and the lowest of 1.2933. Now it trades around 1.2966, between 1.2910 and 1.2985. 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 1.3025, and may target the 1.2810 level if it breaches the 1.2865.

The pound traded today between the highest of 1.5266 and the lowest of 1.5214. Now it trades around 1.5260, between 1.5245 and 1.5350. The hourly momentum indicators show the pair is within an overbought area, while the four hours indicators show the pair might rebound from an oversold area. But the daily indicators show the pair might rebound from an overbought area. The pair may target the 1.5435 if it breaches the 1.5390, and may target the 1.5125 level if it breaches the 1.5170.

The dollar against the yen traded today between the highest of 87.17 and the lowest of 86.73. Now it trades around 87.06, between 86.40 and 87.30. The hourly and four hours momentum indicators show the pair is within an overbought area, but the daily indicators show the pair is within an oversold area. The pair may target the 88.65 if it breaches the 88.00, and may target the 85.35 level if it breaches the 85.95.