Currency snapshot (major pairs)

Dollar index trading at 99.12 (+0.61%).

Strength meter (today so far) - Euro -0.82%, Franc -0.80%, Yen +0.27%, GBP -0.12%

Strength meter (since last week) - Euro -0.15%, Franc -0.44%, Yen +0.17%, GBP +1.10%

EUR/USD trading at 1.072

Trend meter 

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

Support

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

Resistance 

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.11, immediate - 1.085 area

Economic release today 

• Euro zone GDP grew 0.3% in third quarter.

Commentary 

• Euro faced sharp sell-offs from 1.08 resistance area.Active call - Euro to drop towards parity.

GBP/USD trading at 1.521

Trend meter 

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

Support 

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.5

Resistance 

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.55, Immediate - 1.53

Economic release today 

• UK RICS house price balance rose to 49 in October.

Commentary 

• Pound is best performer this week so far. Upside target area reached. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY trading at 122.9

Trend meter 

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

Support 

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 119.5

Resistance 

• Long term - 130, Medium term - 126, Short term - 123.5

Economic release today 

• NIL

Commentary 

• Yen is consolidating around 123, trapped between stronger Dollar and Risk aversion, initially gaining on risk aversion today but gave up gains on strong Dollar. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF trading at 1.009

Trend meter 

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

Support 

• Long term - 0.88, Medium term - 0.93, Short term - 0.95, Immediate -0.98

Resistance 

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

Economic release today 

• NIL

Commentary 

• Franc is the worst performer of the week so far. Further upside for the pair seems likely.