Currency snapshot (major pairs)

Dollar index trading at 96.85 (+0.03%).

Strength meter (today so far) - Euro +0.20%, Franc +0.05%, Yen -0.12%, GBP +0.03%

Strength meter (since last week) - Euro +0.20%, Franc +0.05%, Yen -0.12%, GBP +0.03%

EUR/USD -

Trading at 1.102

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 - 1.11 area

Economic release today -

• Euro zone inflation was 0% in September, while core stands at 1%. Unemployment rate came at 10.8%PMI came at 52.3, better than expected.

Commentary -

• Euro is hovering around 1.1 area. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.542

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 -

• UK manufacturing PMI rose sharply to 55.5 in October, up from 51.7 in September.

Commentary -

• Pound tested resistance at 1.55 and failed so far to break above. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 120.7

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 -

• Japan manufacturing PMI came at 52.4

Commentary -

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

USD/CHF -                                                                                         

Trading at 0.986

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 -

• Real retail sales grew 0.2% in September, from a year ago.
• SVME PMI rose to 50.7 in October from 49.5 in September.

Commentary -

• Dollar/Franc is hovering around its 0.985 resistance area.