Majors traded in narrow ranges during the Asian session, where the dollar index recorded the lowest of 82.57 and the highest of 82.77. the index now trades around 82.65. while Japan is in holiday celebrating marine day, the US will lack the fundamentals during today, however the EU will release its current account and its construction output both for the month of May.

The euro traded today between the highest of 1.2920 and the lowest of 1.2882. Now it trades around 1.2903, between 1.2880 and 1.2985. 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 is within an oversold area. The pair may target the 1.3090 if it breaches the 1.3025, and may target the 1.2775 level if it breaches the 1.2810.

The pound traded today between the highest of 1.5319 and the lowest of 1.5279. Now it trades around 1.5309, between 1.5280 and 1.5350. The hourly momentum indicators show the pair is within an overbought area, while the four hours indicators show the pair might witness a positive crossover within an oversold area. But the daily indicators show the pair might rebound from an oversold area. The pair may target the 1.5475 if it breaches the 1.5435, and may target the 1.5200 level if it breaches the 1.5250.

The dollar against the yen traded today between the highest of 86.70 and the lowest of 86.52. Now it trades around 86.67, between 86.40 and 86.95. 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 is within an oversold area. The pair may target the 88.00 if it breaches the 87.45, and may target the 85.35 level if it breaches the 85.95.