Majors moved in tight ranges against the dollar the start of a new week, where the dollar index traded in the Asian session between the lowest of 82.37 and the highest of 82.55. The index now trades around 82.40. Fundamentals will be limited today and will only see the US releasing the new home sales report for the month of June expected to rise to 311 K from 300 K.

The euro traded today between the highest of 1.2943 and the lowest of 1.2908. Now it trades around 1.2934, between 1.2925 and 1.2985. The hourly, four hours and daily momentum indicators show the pair is within an overbought area. The pair may target the 1.3090 if it breaches the 1.3030, and may target the 1.2840 level if it breaches the 1.2890.

The pound traded today between the highest of 1.5465 and the lowest of 1.5417. Now it trades around 1.5460, between 1.5455 and 1.5475. The hourly, four hours and daily momentum indicators show the pair is within an overbought area. The pair may target the 1.5580 if it breaches the 1.5500, and may target the 1.5310 level if it breaches the 1.5390.

The dollar against the yen traded today between the highest of 87.71 and the lowest of 87.57. Now it trades around 87.61, between 87.30 and 87.70. The hourly, four hours and daily momentum indicators show the pair is within an overbought area. The pair may target the 88.65 if it breaches the 88.10, and may target the 85.95 level if it breaches the 86.60.