Currency snapshot (major pairs)

Dollar index trading at 95.13 (+0.55%).

Strength meter (today so far) - Euro -0.54%, Franc -0.35%, Yen -0.60%, GBP -0.05%

Strength meter (since last week) - Euro +1.24%, Franc +0.37%, Yen +1.58%, GBP +1.52%

EUR/USD -

Trading at 1.125

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.135-1.138

Economic release today -

• NIL

Commentary -

• Euro dropped sharply against dollar as it failed to break above 1.135-1.138 resistance area. Further loss might be on radar.

GBP/USD -

Trading at 1.55

Trend meter -

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

Support -

• Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.518-1.512, Immediate - 1.525-1.528

Resistance -

• Long term - 1.592-1.616, Medium term - 1.58-1.586, Short term - 1.566-1.57,

Economic release today -

• NIL

Commentary -

• Pound is one of the top performer today however failed to break above yesterday's high. A larger correction might be looming.

USD/JPY -                      

Trading at 123.6

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 115.7-115, Short term - 119, Immediate - 122.2-122.6

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 123.6-124

Economic release today -

• NIL

Commentary -

• Yen though still the best performer this week so far, it dropped sharply today against being the worst performer in today's trade. Yen remains sell against dollar.

USD/CHF -

Trading at 0.935

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.917-0.913, Short term - 0.90, Immediate - 0.925

Resistance -

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

Economic release today -

• NIL

Commentary -

• Franc is taking cues from dollar leg of the pair, trying to move up taking support around 0.925 area.