Currency snapshot (major pairs)

Dollar index trading at 95.09 (+0.28%).

Strength meter (today so far) - Euro -0.40%, Franc -0.31%, Yen -0.01%, GBP +0.13%

Strength meter (since last week) - Euro -0.27%, Franc -0.57%, Yen -0.06%, GBP +0.41%

EUR/USD -

Trading at 1.123

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 -

• Euro zone employment rose by 0.1% q/q and 0.8% from a year ago in first quarter.

Commentary -

• Euro rally got spoiled at key resistance area above 1.13. Focus is on FOMC tomorrow.

GBP/USD -

Trading at 1.562

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 - 1.548-1.545

Resistance -

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

Economic release today -

• UK inflation is back in positive. CPI grew 0.1% from a year ago.
• Retail price index rose 1% in May from a year ago.
• Producer price index grew by 0.1% y/y in May.
• CB leading economic index rose by 0.4% in May.

Commentary -

• Pound is the best performer this week, bulls now face FOMC challenge.

USD/JPY -                      

Trading at 123.4

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 0.933

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 -

• NIL

Commentary -

• The pair remains buy as Franc is likely to remain sell against dollar.