Currency snapshot (major pairs)

Dollar index trading at 100.04 (+0.44%).

Strength meter (today so far) - Euro -0.59%, Franc -0.56%, Yen -0.24%, GBP +0.13%

Strength meter (since last week) - Euro -0.57%, Franc -0.45%, Yen -0.03%, GBP -0.63%

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 -

• NIL

Commentary -

• Euro is worst performing major today as ECB looms large over any other theme. 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 -

• BBA mortgage approvals came at 45,437 in October.

Commentary -

• Pound finally showing some resilience, turning out to be best performer today. 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 -

• Coincident index for September came at 112.3, while leading economic index slowed to 101.6

Commentary -

• Yen lost its risk aversion touch as equities rose. 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 -

• UBS consumption indicator dropped to 1.6 in October, from 1.65 in September.

Commentary -

• Franc is falling just in line with Euro.