Currency snapshot (major pairs)

Dollar index trading at 98.85 (-0.69%).

Strength meter (today so far) - Euro +0.79%, Franc +0.56%, Yen +0.62%, GBP +0.57%

Strength meter (since last week) - Euro -0.09%, Franc -0.78%, Yen +0.17%, GBP +0.67%

EUR/USD -

Trading at 1.075

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 - 1.08 area

Economic release today -

• Seasonally adjusted current account rose to € 29.4 billion cubic feet.

Commentary -

• Euro heading for bigger bounce back against Dollar after FOMC minutes exerted cautious tone .Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.522

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 (broken)

Economic release today -

• Retail sales dropped -0.6% in October, up 3.8% from a year ago.

Commentary -

• Pound cleared resistance around 1.527-1.53 area and now heading to next resistance area 1.54. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 122.7

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 -

• BOJ kept monetary policy unchanged.

Commentary -

• Yen gained over weaker Dollar. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 1.013

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 -

• Trade balance came at 4.156 billion in October.

Commentary -

• Franc remains worst performer of the week. SNB intervention is likely.