Majors traded with a downside bias against the US dollar during today's Asian session. The dollar index traded between the highest of 86.78 and the lowest of 86.53. Now the index trades around the 86.70 level. The US will release today its construction spending ad the ISM manufacturing for the month of May which is expected to fall to 59.0.

The euro against the dollar traded during the Asian session between the highest of 1.2295 and the lowest at 1.2244. Now the pair is trading around the 1.2256 level, between 1.2220 and 1.2315. Germany and EU will release today the manufacturing PMI as well as the unemployment rate, expected to remain at 10% in April while in Germany it might remain at 7.8% in May. The hourly and daily momentum indicators point that the pair might rebound from an oversold area, but the four hours indicators point that the pair is within an oversold area. The pair today may trade around 1.2315 if it breaches the 1.2365 levels, and may trade around 1.2135 if it breaches the 1.2175 levels.

The pound against the dollar traded between the highest of 1.4537 and the lowest of 1.4468. Now the pair is trading around the 1.4509 levels between 1.4470 and 1.4530. the UK will release today PMI manufacturing which is expected to fall to 57.9 in May. The hourly momentum indicators point that the pair might rebound from an oversold area, but the four hours indicators point that the pair is within an oversold area. As for the daily indicators show the pair is within an overbought area. The pair today may trade around 1.4605 if it breaches the 1.4585 levels, and may trade around 1.4390 if it breaches the 1.4430 levels.

The dollar against the yen traded between the highest of 91.27 and the lowest of 90.87. Now the pair is trading around 91.18 levels between 90.70 and 91.45. The hourly momentum indicators point that the pair is within an overbought area, but the four hours show the pair might witness a positive crossover within an oversold area. As for the daily indicators they show the pair might witness a negative crossover within an overbought area. The pair today may trade around 92.30 if it breaches the 91.95 levels, and may trade around 89.60 if it breaches the 90.00 levels.