Currency snapshot (major pairs)

Dollar index trading at 94.07 (-0.02%).

Strength meter (today so far) - Euro +0.22%, Franc -0.26%, Yen -0.55%, GBP -0.32%

Strength meter (since last week) - Euro +0.22%, Franc -0.26%, Yen -0.55%, GBP -0.32%

EUR/USD -

Trading at 1.137

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

Economic release today -

• Special Euro zone leaders' summit is happening tonight.

Commentary -

• Euro is buoyant over Greek optimism, likely to rise further, however 1.145 area proving tough to break against dollar.

GBP/USD -

Trading at 1.582

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, 1.572

Resistance -

• Long term - 1.592-1.616, Medium term - 1.595, Short term - 1.595

Economic release today -

• NIL

Commentary -

• Pound is down against dollar today, over profit booking as pound reached close psychological 1.6 in Friday.

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 - 123.4

Economic release today -

• NIL

Commentary -

• Yen lost ground against dollar as Greek optimism fueled equities globally. The pair has bounced back 122.6 support area.

USD/CHF -

Trading at 0.921

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• NIL

Commentary -

• Franc lost today as dollar gained broadly against most counter parts except Euro. Franc remains sell against dollar.