Majors continued to move in narrow ranges against the dollar during today's Asian session as investors await the release of the final reading for the US GDP and personal consumption index for the first quarter in addition to Michigan's consumer confidence. The dollar index traded between the lowest 85.70 and the highest 85.91. The index now is trading around 85.74. The US will release today its durable goods orders for May, in addition to the weekly jobless claims.

The euro against the dollar traded during the Asian session between the highest of 1.2337 and the lowest of 1.2296. Now the pair is trading around the 1.2326 level, between 1.2280 and 1.2330. Germany will release today the import prices. The hourly and daily momentum indicators point that the pair is might rebound from an oversold area. While the four hours indicators show the pair might witness a negative crossover within an overbought area. The pair today may trade around 1.2455 if it breaches the 1.2400 levels, and may trade around 1.2215 if it breaches the 1.2240 levels.

The pound against the dollar traded between the highest of 1.4947 and the lowest of 1.4915. Now the pair is trading around the 1.4939 levels between 1.4935 and 1.5000. The hourly momentum indicators point that the pair might rebound from an oversold area. While the four hours indicators show the pair might rebound from an overbought area, yet the daily indicators show the pair is within an overbought area. The pair today may trade around 1.5120 if it breaches the 1.5040 levels, and may trade around 1.4820 if it breaches the 1.4885 levels.

The dollar against the yen traded between the highest of 89.70 and the lowest of 89.54. Now the pair is trading around 89.57 levels between 89.55 and 90.20. The hourly momentum indicators show the pair might rebound from 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 today may trade around 91.00 if it breaches the 90.60 levels, and may trade around 88.45 if it breaches the 89.15 levels.