Majors moved in narrow ranges with a downside bias against the dollar. The dollar index traded today between the highest 86.24 and the lowest 85.99. The index now trades around 86.18. The US will release today the weekly jobless claims report as well as ISM manufacturing, the construction spending index and the pending home sales.

The euro against the dollar traded during the Asian session between the highest of 1.2243 and the lowest of 1.2193. Now the pair is trading around the 1.2203 level, between 1.2170 and 1.2210. Germany will release today its retail sales index for the month of May as well as the PMI manufacturing, while the EU will release the PMI manufacturing. The hourly momentum indicators show the pair might rebound from an oversold area. However, the four hours and daily indicators show the pair might rebound from an overbought area. The pair might trade around 1.2315 if it breaches the 1.2300 and may trade around the 1.2070 if it breaches the 1.2100.

The pound against the dollar traded during the Asian session between the highest of 1.4973 and the lowest of 1.4913. Now the pair is trading around the 1.4925 level, between 1.4900 and 1.4960. UK will release today the PMI manufacturing for the month of June. The hourly and four hours momentum indicators show the pair is within an oversold area. But the daily indicators show that the pair might rebound from an overbought area. The pair might trade around 1.5075 if it breaches the 1.5010 and may trade around the 1.4770 if it breaches the 1.4860.

The dollar against the yen traded between the highest of 88.51 and the lowest of 88.07. Now the pair is trading around the 88.15 level, between 88.00 and 88.70. The hourly and four hours momentum indicators show the pair might rebound from an overbought area. But the daily indicators show that the pair might rebound from an oversold area. The pair might trade around 89.70 if it breaches the 89.25 and may trade around the 87.30 if it breaches the 87.75.