Majors traded in narrow ranges against the greenback during today's Asian session as investors are awaiting the advanced reading of the US GDP, expected to indicate that the largest economy in the world expanded by 3.3% during Q1 compared to 5.6% during Q4 2009. The personal consumption, Chicago PMI and the consumer confidence are also due to be released today. The dollar index traded between the highest 82.08 and the lowest 81.88, and now it trades around the 81.93 level.

The euro against the dollar traded in a narrow range during the Asian session between the highest at 1.3253 and the lowest at 1.3224. Now the pair is trading around the 1.3250 level, between 1.3245 and 1.3265. Today Europe will release its CPI estimate for the month of April as well as the unemployment rate for March expected to remain elevated at 10.0%. The hourly and daily momentum indicators point that the pair is within an oversold area, as for the 4 hours momentum indicators they indicate the pair might witness a negative crossover within an overbought area. The pair today may trade around 1.3395 if it breaches the 1.3340 levels, and may trade around 1.3125 if it breaches the 1.3175 levels.

The pound against the dollar also traded in a narrow range during the Asian session between the highest of 1.5346 and the lowest of 1.5317. Now the pair is trading around the 1.5343 levels between 1.5290 and 1.5345. The hourly and daily momentum indicators point that the pair is within an oversold area, as for the 4 hours momentum indicators they indicate the pair might witness a negative crossover within an oversold area. The pair today may trade around 1.5435 if it breaches the 1.5395 levels, and may trade around 1.5190 if it breaches the 1.5245 levels.

The dollar against yen traded between the highest of 94.17 and the lowest of 93.99. Now the pair is trading around 93.98 levels between 93.45 and 94.00. The hourly and the 4 hours momentum indicators point that the pair might rebound from an oversold area, yet the daily momentum indicators show the pair is within an overbought area. The pair today may trade around 95.55 if it breaches the 94.80 levels, and may trade around 92.25 if it breaches the 92.80 levels.