Currency snapshot (major pairs)

Dollar index trading at 94.95 (-0.01%).

Strength meter (today so far) - Euro +0.17%, Franc -0.69%, Yen -0.14%, GBP +0.10%

Strength meter (since last week) - Euro +0.17%, Franc -0.69%, Yen -0.14%, GBP +0.10%

EUR/USD -

Trading at 1.128

Trend meter -

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

Support -

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.106, Immediate - 1.118-1.115

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 jumped sharply from 1.118 area, however Greek situation is keeping the common currency under pressure. Focus is on FOMC and finance ministers' meet this week.

GBP/USD -

Trading at 1.557

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 - 1.548

Resistance -

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

Economic release today -

• Euro zone trade balance for April came at € 24.3 billion.

Commentary -

• Pound is rising along with Euro. Focus is on FOMC this week.

USD/JPY -                      

Trading at 123.5

Trend meter -

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

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 remains sell against dollar, likely to weaken against Euro and Pound.

USD/CHF -

Trading at 0.934

Trend meter -

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

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 -

• Retail sales grew by 1.6% in April.

Commentary -

• The pair has jumped back from the support area and franc is likely to lose further against dollar. However gains could be limited among support area.