Currency snapshot (major pairs)

Dollar index trading at 95.10 (+0.07%).

Strength meter (today so far) - Euro -0.14%, Franc -0.50%, Yen +0.33%, GBP +0.16%

Strength meter (since last week) - Euro +0.30%, Franc -0.24%, Yen +1.25%, GBP -0.01%

EUR/USD -

Trading at 1.119

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 - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.155-1.16, Short term - 1.14-1.145, Immediate - 1.125-1.132

Economic release today -

• Preliminary reading showed inflation rose by 0.2% in June

Commentary -

• Euro continued to remain trapped with Greek development. Tough resistance lies around 1.125 area.

GBP/USD -

Trading at 1.577

Trend meter -

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

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 - 1.595, Short term - 1.595, Immediate - 1.582

Economic release today -

• UK GDP grew 2.9% in first quarter from a year ago and 0.4% from a quarter ago.
• Total business investments rose by 5.7% in first quarter from a year ago.

Commentary -

• Pound is moving in low volatility, might target testing of 1.59 area once again.

USD/JPY -                      

Trading at 122.2

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(broken)00

Resistance -

• Long term - 130, Medium term - 127.5, Short term - 127.5. Immediate - 124.4

Economic release today -

• Housing starts rose by 5.8% in May from a year ago.
• Vehicle production dropped by -16.6% in May from a year ago.
• Construction orders dropped by -7.4% y/y.

Commentary -

• Yen remains well bid amid risk aversion and likely to remain so unless Greece uncertainty clears.

USD/CHF -                                                                                         

Trading at 0.93

Trend meter -

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

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 -

• KOF leading index dropped to 89.7 in June from 92.7 prior.

Commentary -

• Franc is the worst performer against dollar today. Franc remains sell against dollar.