Majors continued to move in narrow ranges against the dollar during today's Asian session, after loosing some momentum during the first sessions of this week. The dollar index traded between the lowest 86.20 and the highest 86.06. The index now is trading around 86.11. The US will release today its new home sales for May which are expected to reach to 410 K compared with 504 K in April, in addition to the EIA crude oil report and FOMC rate decision.

The euro against the dollar traded during the Asian session between the highest of 1.2275 and the lowest of 1.2240. Now the pair is trading around the 1.2261 level, between 1.2240 and 1.2280. Germany and EU will release the advanced reading for the PMI services and manufacturing. The hourly momentum indicators point that the pair might rebound from an oversold area. While the four hours indicators show the pair is within an oversold area. But the daily indicators show the pair might rebound from an overbought area. The pair today may trade around 1.2400 if it breaches the 1.2330 levels, and may trade around 1.2170 if it breaches the 1.2215 levels.

The pound against the dollar traded between the highest of 1.4834 and the lowest of 1.4802. Now the pair is trading around the 1.4820 levels between 1.4770 and 1.4850. UK will release today its BBA loans for house purchases as well as BoE's minutes. The hourly momentum indicators point that the pair might rebound from an oversold area. While the four hours indicators show that the pair might witness a negative crossover within an overbought area. But the daily indicators show that the pair might rebound from an overbought area. The pair today may trade around 1.4960 if it breaches the 1.4930 levels, and may trade around 1.4730 if it breaches the 1.4690 levels.

The dollar against the yen traded between the highest of 90.56 and the lowest of 90.37. Now the pair is trading around 90.49 levels between 90.00 and 90.60. Japan will release today its merchandise trade balance for May expected to show narrowing in the surplus. The hourly momentum indicators show the pair might trade within an overbought area. While the four hours and the daily indicators show the pair might witness a positive crossover within an overbought area. The pair today may trade around 92.25 if it breaches the 91.45 levels, and may trade around 88.90 if it breaches the 89.55 levels.