Currency snapshot (major pairs)

Dollar index trading at 96.55 (-0.37%).

Strength meter (today so far) - Euro +0.35%, Franc +0.23%, Yen -0.04%, GBP +0.06%

Strength meter (since last week) - Euro +0.54%, Franc -0.82%, Yen +0.71%, GBP +0.08%

EUR/USD -

Trading at 1.107

Trend meter -

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

Support

• Long term - 1.048-1.036, Medium term - 1.065-1.06, Short term - 1.08-1.085

Resistance -

• Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.145, immediate - 1.12 area

Economic release today -

• NIL.

Commentary -

• Euro is heading higher ahead of FOMC. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.532

Trend meter -

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

Support -

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

Resistance -

• Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.572, Immediate - 1.55

Economic release today -

• NIL

Commentary -

• Pound struggling to keep head above 1.53 area. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 120.6

Trend meter -

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

Support -

• Long term - 113.7-112.9, Medium term - 116-115, Short term - 118.6 (broken)

Resistance -

• Long term - 130, Medium term - 126, Short term - 121.7, Immediate - 120.5

Economic release today -

• Industrial production data scheduled at 23:50 GMT.

Commentary -

• Yen is the worst performer today as risk appetite returned. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.985

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.90, Short term - 0.93, Immediate -0.95

Resistance -

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

Economic release today -

• NIL

Commentary -

• Franc is trading positive against Dollar today, still the worst performer of the week.