Majors weakened against the dollar and the yen during the Asian session, loosing yesterday's gains, since the ranges prevent them from freely expanding their gains. Europe will release today the GDP's final reading in addition to the Germany's factory orders, Canada's PMI, however the US will lack the fundamentals during today. The dollar index traded today between the highest 84.18 and the lowest 84.00. The index now trades around 84.16.
The euro against the dollar traded during the Asian session between the highest of 1.2624 and the lowest of 1.2596. Now the pair is trading around the 1.2600 level, between 1.2650 and 1.2565. The four hours and daily momentum indicators show the pair might rebound from an overbought area, favoring a decline during today. The pair might trade around 1.2565 and if it breaches it the pair may trade around 1.2500 and 1.2465.
The pound against the dollar traded during the Asian session between the highest of 1.5158 and the lowest of 1.5125. Now the pair is trading around the 1.5134 level, between 1.5070 and 1.5190. UK will lack the fundamentals today. The four hours and daily momentum indicators show the pair might rebound from an overbought area. The support levels 1.5100 and 1.5070 will continue to sustain the pair during today.
The dollar against the yen traded between the highest of 87.65 and the lowest of 87.44. Now the pair is trading around the 87.52 level, between 87.30 and 88.00. The four hours and daily indicators give mixed signals, giving a vague direction for today.