Currency snapshot (major pairs)

Dollar index trading at 97.36 (-0.27%).

Strength meter (today so far) - Euro +0.42%, Franc -0.22%, Yen -0.21%, GBP +0.20%

Strength meter (since last week) - Euro -0.44%, Franc -1.43%, Yen +0.20%, GBP +0.02%

EUR/USD -

Trading at 1.096

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 down sharply after last night's FOMC, however benefitting from SNB, CNB buying. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.531

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 -

• Conference board showed retail sales growth slipped in October.

Commentary -

• Pound recovered in New York session from its early slump. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 121.2

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 - 119.5

Resistance -

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

Economic release today -

• Consumer inflation data along with unemployment report to be released at 23:50 GMT.

Commentary -

• Yen giving up its earlier gains heading into BOJ policy meeting. Active call - Sell USD/JPY targeting 114.7 area with stop loss around 122.

USD/CHF -                                                                                         

Trading at 0.992

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 (broken)

Economic release today -

• NIL

Commentary -

• Franc has broken key support against Dollar as pair rose above 0.99 for first time since March this year. SNB intervention likely.