Majors moved in sideways during today's Asian session, after they dropped yesterday when U.S reports showed an improving housing and manufacturing sectors. The USDIX fell slightly today recording a low of 78.68 and a high of 78.83. The euro dollar pair is consolidating between 1.4225 and 1.4190, recording a high of 1.4221 and a low of 1.4188 and the union currency is currently trading around 1.4215. Yesterday the pair breached the 1.4300 support after the dollar strengthened supported by cheerful fundamentals concerning the housing and manufacturing sectors and today the pair is having a support at 1.4175 along with a resistance at 1.4240. The euro zone's GDP is on queue today that would affect the pair. However, according to momentum indicators on the four hours scale, the pair is trading in an oversold area. Regarding the pound dollar pair, it gained after yesterday's drop recording a high of 1.6178 and a low of 1.6115, having the royal pound trading around 1.6165. After the pair broke the major support at 1.6200 yesterday, it became expected to see the pair trading in the 1.6000 levels on the medium term. Today the pair is having a resistance at 1.6200 along with a support at 1.6120. If the pair breached the support it will target 1.6085. The stochastic oscillator on the four hours charts is indicating that the pair is trading in an oversold area. Finally, the dollar gained against the Japanese yen recording a high of 93.00 and a low of 92.63. The pair is having a resistance at 93.15 along with a support at 92.50. The ADP employment change may help the dollar to gain further especially that it is expected to show improvements. Also the FOMC minutes will be released today and it tends to move the market on release. So far, the pair is trading in an oversold area according to momentum indicators on the daily scale.

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