Currency snapshot (major pairs)

Dollar index trading at 93.55 (-0.08%).

Strength meter (today so far) - Euro +0.13%, Franc +0.17%, Yen -0.09%, GBP +0.06%

Strength meter (since last week) - Euro +1.38%, Franc +1.75%, Yen +0.40%, GBP +2.01%

EUR/USD -

Trading at 1.136

Trend meter -

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

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 -

• NIL

Commentary -

• Euro moved above previous high made last week and broken above 1.14 resistance area, however has fallen back around 1.135 as Dollar gained back in New York session.

GBP/USD -

Trading at 1.575

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.537-1.534

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.582-1.584

Economic release today -

• NIL

Commentary -

• Pound rally moved further making pound the best performer this week. Further rise seems likely, however price is coming close to target area of 1.592-1.595.

USD/JPY -                      

Trading at 119.3

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 initially gained amid weak dollar and selloffs in equities, however rally faded as equities turned corner. Yen will continue its range.

USD/CHF -

Trading at 0.915

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 - 0.944-0.947

Economic release today -

• NIL

Commentary -

• Franc is the best performer today as bulls pushed dollar lower once again, however pair is likely to consolidate here with downside bias as support area is pretty close.