Currency snapshot (major pairs)

Strength meter (today so far) - Euro +0.32%, Franc +0.49%, Yen +0.61%, GBP +0.19%

Strength meter (since last week) - Euro +0.32%, Franc +0.49%, Yen +0.61%, GBP +0.19%

EUR/USD -

Trading at 1.123

Trend meter -

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

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.15

Economic release today -

• NIL

Commentary -

• Euro after struggling through Asian and European session is in bid in New York session, trying to break 1.12 area.

GBP/USD -

Trading at 1.52

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512,

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.572

Economic release today -

• NIL

Commentary -

• Pound is the worst performer today however is trading in green against Dollar. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 119.8

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 124.5, Immediate - 122

Economic release today -

• NIL

Commentary -

• Yen is the best performer today, led by risk aversion. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.975

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.93

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987

Economic release today -

• NIL

Commentary -

• Franc is second best performer today, gaining from safe haven bids over equity sell offs.