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 - EconoTimes)
Dollar index trading at 98.95 (-0.25%).
Strength meter (today so far) - Euro +0.07%, Franc +0.07%, Yen +0.09%, GBP +0.35%
Strength meter (since last week) - Euro +0.04%, Franc +0.02%, Yen +0.11%, GBP +0.97%
EUR/USD
Trading at 1.074
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 - 1.06
Resistance
- Long term - 1.175-1.18, Medium term - 1.15, Short term - 1.11, immediate - 1.085 area
Economic release today
- NIL
Commentary
- Euro hovering around 1.07 mark, waiting for further cues for next leg down. Active call - Euro to drop towards parity.
GBP/USD
Trading at 1.519
Trend meter
- Long term - Buy, Medium term - Range/sell, Short term - Range/Sell
Support
- Long term - 1.425-1.417, Medium term - 1.497-1.49, Short term - 1.5
Resistance
- Long term - 1.592-1.616, Medium term - 1.585, Short term - 1.55, Immediate - 1.53
Economic release today
- UK unemployment rate dropped to 5.3%, while wage grew 2.5% excluding bonus and 3%, including it.
Commentary
- Pound is best performer today, and this week so far. Might target 1.527 area before further downside. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.
USD/JPY
Trading at 123
Trend meter
- Long term - Buy, Medium term - Range/Buy, Short term - Range/Buy
Support
- Long term - 113.7-112.9, Medium term - 116-115, Short term - 119.5
Resistance
- Long term - 130, Medium term - 126, Short term - 123.5
Economic release today
- Labor cash earnings grew 0.6% in September from a year ago.
Commentary
- Yen is consolidating around 123, trapped between stronger Dollar and Risk aversion. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.
USD/CHF
Trading at 1.004
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 - 1.025
Economic release today
- NIL
Commentary
- Dollar/Franc is drifting above parity waiting for the next leg up.
