Currency snapshot (major pairs)

Dollar index trading at 99.67 (-0.08%).

Strength meter (today so far) - Euro +0.04%, Franc +0.08Yen +0.29%, GBP -0.42%

Strength meter (since last week) - Euro -0.02%, Franc -0.05%, Yen +0.13%, GBP -0.84%

EUR/USD -

Trading at 1.064

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Sell

Support

• Long term - 0.98, Medium term - 1.02, Short term - 1.048

Resistance -

• Long term - 1.145, Medium term - 1.104, Short term - 1.083

Economic release today -

• Euro Zone PMI came at 54.6 services and 52.8 for manufacturing.

Commentary -

• Euro recovered marginally after finding support around 1.06 area, however sellers still at large. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.506

Trend meter -

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

Support -

• Long term - 1.46, Medium term - 1.475, Short term - 1.495

Resistance -

• Long term - 1.55, Medium term - 1.54, Short term - 1.532

Economic release today -

• CBI distributive trade survey dropped to 7 from 25 prior.

Commentary -

• Pound remains the worst performer of the week. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 122.6

Trend meter -

• Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy

Support -

• Long term - 115.5-116.5, Medium term - 118.5, Short term - 120.3

Resistance -

• Long term - 130, Medium term - 128, Short term - 125.4

Economic release today -

• Japan manufacturing PMI rose to 52.8 in November from 52.4 prior, according to flash estimate.

Commentary -

• Yen is best performer today and this week, gaining on risk aversion bids and tensions in Syria. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 1.018

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/Buy

Support -

• Long term - 0.905, Medium term - 0.945, Short term - 1.01

Resistance -

• Long term - 1.174, Medium term - 1.07, Short term - 1.025

Economic release today -

• NIL

Commentary -

• Franc is up today in line with Euro.