Currency snapshot (major pairs)

Dollar index trading at 90.13 (+0.01%)

Strength meter (today so far) – Euro -0.09%, Franc -0.20%, Yen +0.14%, GBP -0.22%

Strength meter (since last week) – Euro -1.01%, Franc -1.78%, Yen -1.24%, GBP -0.98%

EUR/USD –

Trading at 1.227

Trend meter –

• Long term – Buy, Medium term – Buy, Short term – Buy

Support          

• Long term – 1.18, Medium term – 1.2, Short term – 1.22

Resistance –

• Long term – 1.25, Medium term – 1.25, Short term – 1.25

Economic release today –

• NIL

Commentary –

• The euro is down this week as the dollar recovers. Active call – target  reached1.25

GBP/USD –

Trading at 1.388

Trend meter –

• Long term – Sell, Medium term – Buy, Short term – Buy

Support –

• Long term – 1.35, Medium term – 1.385, Short term – 1.385

Resistance –

• Long term – 1.50 Medium term – 1.485, Short term – 1.435

Economic release today –

• Fourth quarter GDP report will be released at 9:30 GMT.

Commentary –

• The pound is down as the dollar strengthens. Active call-  short term sell targeting 1.375

USD/JPY –           

Trading at 107.5

Trend meter -

• Long term – Sell, Medium term – sell, Short term – Range/Sell

Support –

• Long term – 101, Medium term – 104.2, Short term – 106

Resistance –

• Long term – 112, Medium term – 110, Short term – 109

Economic release today –

• Corporate service inflation report will be released at 23:50 GMT.

Commentary –

• The yen is down this week as equities recover after the selloff. Active call – Buy yen targeting 101

USD/CHF –

Trading at 0.941

Trend meter –

• Long term – Buy, Medium term – Range/sell, Short term – Range/Sell

Support –

• Long term – 0.90, Medium term – 0.92, Short term – 0.92

Resistance –

• Long term – 1.03, Medium term – 0.98, Short term – 0.95

Economic release today –

• NIL

Commentary –

• Franc is the worst performer of the week.

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