Currency snapshot (major pairs)

Dollar index trading at 99.53 (+0.14%).

Strength meter (today so far) - Euro -0.18%, Franc -0.43%, Yen -0.04%, GBP -0.05%

Strength meter (since last week) - Euro -0.89%, Franc -0.86%, Yen -0.33%, GBP -0.13%

EUR/USD -

Trading at 1.066

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 economic sentiment declined to 28.3 for November.

Commentary -

• Euro broke below 1.07 area and slowly grinding towards lower. .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 -

• CPI grew just 0.1% in October, but down -0.1% from a year ago. Producer price index dropped -1.3%, while retail price index remained flat. House price index grew 6.1% from a year ago.

Commentary -

• Pound found support around 1.515 area, however upside momentum lacking. Active call - Sell Pound @1.54 targeting 1.44 area with stop loss around 1.58 area.

USD/JPY -                      

Trading at 123.3

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 lost its appeal since late yesterday as equities recovered and risk aversion failed to gain much traction. Active call - Buy USD/JPY @ 121.9 targeting 123.2, 125, 127, with stop loss around 120, 118.

USD/CHF -                                                                                         

Trading at 1.014

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 worst performer today, further decline towards 1.03 is likely.