Major currencies traded in narrow ranges against the greenback in today's Asian session, where the dollar index traded between the lowest of 80.46 and the highest of 80.61. Now it trades around the 80.50 level. The U.S. economy will release today its trade balance expected to show a widening in its deficit, in addition to the import prices expected to rise, which could affect the dollar's movement during today.

The euro traded in narrow range during the Asian session between the lowest of 1.3568 and the highest of 1.3596. The pair now trades around the 1.3587 level. Germany will release today its consumer prices index and its retail sales that might affect the euro's movement today. The hourly momentum indicators show that the pair trades within an oversold area, while the 4 hours momentum indicators show the possibility of a positive crossover in an overbought area. The pair is expected to trade today around the 1.3670 level which if breached the pair might target the 1.3700, yet if the pair breaches the 1.3495 level the pair might target the 1.3410 level.

The sterling also traded in a narrow range during the Asian session today, recording the lowest at 1.5335 and the highest at 1.5371. The pair trades now around the 1.5366, and between 1.5295 and 1.5380. The UK will release today its trade balance expected to show lower deficit. The one hour momentum indicators show the pair trades within an oversold area, while the 4 hours indicators show the possibility of a positive crossover in an oversold area. As for the daily indicators they show the pair might rebound from an overbought area. The pair is expected to trade today around the 1.5455 level which if breached the pair might target the 1.5500, yet if the pair breaches the 1.5245 level the pair might target the 1.5190 level.

The Japanese yen traded during the Asian session between the lowest at 92.56 and the highest at 93.19. The pair now trades around the 92.72 level, and between the 92.15 and the 92.80 level. The one hour and 4 hours momentum indicators show the pair is within an oversold area. The pair is expected to trade today around the 92.35 level which if breached the pair might target the 93.75, yet if the pair breaches the 91.70 level the pair might target the 91.05 level.