Currency snapshot (major pairs)

Dollar index trading at 97.19 (+0.29%).

Strength meter (today so far) - Euro -0.42%, Franc -0.38%, Yen -0.10%, GBP -0.31%

Strength meter (since last week) - Euro -0.27%, Franc -0.41%, Yen -0.25%, GBP -0.25%

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 - 1.11 area

Economic release today -

• ECB president Draghi is scheduled to speak at Frankfurt around 18:00 GMT.

Commentary -

• Euro failing to advance dropped below 1.1 area ahead of Draghi speech. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.537

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 -

• Construction PMI for October came at 58.8, still robust enough but weaker than September's 59.9

Commentary -

• Pound is continuing its yesterday's downfall from 1.55 area. Active call - Sell Pound targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 121

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 -

• NIL

Commentary -

• Yen is relatively better performer today but struggling clearly against Dollar. 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

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 -

• Franc is the worst performer of the day.