Currency snapshot (major pairs)

Dollar index trading at 98.83 (-0.01%).

Strength meter (today so far) - Euro -0.09%, Franc +0.02%, Yen -0.12%, GBP -0.12%

Strength meter (since last week) - Euro +0.19%, Franc +0.14%, Yen +0.17%, GBP +1.08%

EUR/USD -

Trading at 1.075

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 -

• Euro zone industrial production dropped -0.3% in September from August.

Commentary -

• Euro jumped to as high as 1.081 against Dollar, however found large bids to drop by 60 pips so far. Active call - Euro to drop towards parity.

GBP/USD -

Trading at 1.52

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 RICS house price balance rose to 49 in October.

Commentary -

• Pound is best performer this week so far. Upside target area reached. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 122.9

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 -

• NIL

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 1.003

Trend meter -

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

Support -

• Long term - 0.88, Medium term - 0.93, Short term - 0.95, Immediate -0.98

Resistance -

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

Economic release today -

• NIL

Commentary -

• Franc is the best performing major today so far but still hovering above parity.