Currency snapshot (major pairs)

Dollar index trading at 95.1 (+0.32%).

Strength meter (today so far) - Euro -0.64%, Franc -0.34%, Yen -0.12%, GBP +0.41%

Strength meter (since last week) - Euro -0.64%, Franc -0.34%, Yen -0.12%, GBP +0.41%

EUR/USD -

Trading at 1.115

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.106-1.102, Short term - 1.11

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14

Economic release today -

• Euro group finance ministers holding meeting to review Greece and Ireland bailout program. Meeting began at 1:00 GMT.

Commentary -

• Euro Started the week in back foot and German yield slide further. Focus is on Euro group meeting and Greek payment to IMF tomorrow.

GBP/USD -

Trading at 1.551

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.462-1.455, Short term - 1.497- 1.494

Resistance -

• Long term - 1.553-1.56, Medium term - 1.553-1.56, Short term - 1.55

Economic release today -

• BOE held monetary policy steady and maintained hawkish bias.

Commentary -

• Pound started the week in positive tone as decisive result from Thursday's election continue to provide favorable winds to pound. Lot of event risk scheduled for pound this week, industrial production, unemployment rate etc.

USD/JPY -                      

Trading at 119.9

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 118.5-118

Resistance -

• Long term - 125, Medium term - 122, Short term - 122. Immediate - 120.8

Economic release today -

• NIL

Commentary -

• Yen continuing its range driven by overall dollar strength and weakness. Risk aversion continue to provide occasional clues.

USD/CHF -

Trading at 0.927

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90

Resistance -

• Long term - 1.174, Medium term - 1.025-1.02, Short term - 0.984-0.987, Immediate - 0.944-0.047

Economic release today -

• NIL

Commentary -

• Franc lost further grounds along Euro and the pair might go up, however franc bulls still remain strong so buy on the pair is yet not recommended.